Current Date:

Sunday, 06 May 2018

Workshop on Dealings with Gold in Banks Held

Khartoum - Economic experts have called for use of gold as strategic national reserve for reduction of inflation and for using it as guarantee for financing.
Deputy Secretary General of the council of sharia supervision at the Central Bank of Sudan Dr. Mohamed Ali Yusuf has pointed out that there are many benefits for entry of gold in the strategic reserve of the Central Bank of Sudan and the commercial banks in the country, including helping in the process of exchanges through the official channels and curbing smuggling.
Dr. Yousuf called, in a working paper he presented at workshop on dealings with gold at banks held at the Sudan Academy for Banking Sciences, for utmost benefiting from gold available in the country by using the precious metal as national reserve for financial investments in gold bullions.
Director General of Khartoum Stock Exchange (KSE) Dr. Azhari Al-Tayib, on his part, proposed establishment of a gold bourse for exchanges inside and outside banks besides creating a mechanism for making local rates cope with the international ones.