Current Date:

Monday, 23 October 2017
 

CBOS Announces Start of Banking Transactions with External Banks

Khartoum - The Central Bank of Sudan (CBOS) has announced the actual start of banking transfers with the external banks.

Governor of Central Bank of Sudan Hazim Abdulgadir acknowledged in a press statements Wednesday on the Sidelines of the Meeting of the Board of Directors of the Arab Bank in Khartoum constraints facing banking transfers with Saudi Arabia's banks as was mentioned by participants of the Sudanese-Saudi forum.
He confirmed that some of the Saudi banks have started actual dealing with Sudan's banks.
Hazim expected occurrence of a breakthrough in foreign currency soon in the event of the total lifting of the economic sanctions from Sudan in October.
Meanwhile the Minister of Finance and Economic Planning Mohamed Osman Al-Rikabi has confirmed occurrence of a gradual breakthrough in foreign currency disclosing in a press statement on the Sidelines of the Meeting of the Board of Directors of the Arab Bank in Khartoum that the economic sector has passed on Tuesday the guidelines of the budget to be ascended to the Cabinet for approval and starting its preparation
Al-Rikabi declined to disclose what next year’s budget includes about lifting subsidies or good tidings
He further announced government support by all available means to the Arab Bank for Economic Development in Africa.