Abdul-Gadir pointed out that the Central Bank would link import operations with its prior approval, revealing that CBOS
will review the import documents with commercial banks.
Governor said in press statements that the meeting discussed the steps to make control over liquidity and measures to be made for stability of exchange rate during the coming period.
He added CBOS
adopted current policy after reviewing experiences of other countries in this connection such South Africa and Ghana .
governor, speaking at a joint press conference with the Minister of Finance and Economic Planning Tuesday at the Ministry of Information, pointed out to the central bank keenness in coordination with the Ministry of Finance on the stability of the exchange rate and the reform of its distortions, stressing the importance of more flexibility in the exchange rate to reduce those distortions.
Governor pointed out that the policies of the Central Bank aims at export encouragement and provision of funds for it.
Khartoum, August 11 (SUNA) - In the framework of the Central Bank of Sudan's (CBOS
) preparations to launch the project of payment system via mobile phone, CBOS
Governor Abdul-Rahman Hassan Abdul-Rahman chaired Thursday the meeting of the steering committee of the project.
The Manager of the CBOS
branch of Al-Jinaina Abdal-Rahman Al-Mahdi Zakaria said in statement to SUNA that the workshop aims at assessment of the role of the microfinance partners in the state and expansion of its umbrella to the limited income categories.
explained that stopping of some correspondent banks in Europe and Saudi Arabia to their dealings with the Sudanese banks related to the internal procedures within the framework of the corporate governance in those banks, explaining that this is considered as normal in the banking dealing where it witnesses continuous change through exit of some reporters and entry of others from time to time.
governor, affirmed when he met at his office Thursday with the Swiss Ambassador to Sudan at the occasion of expiry of his term of assignment in Sudan, Sudan commitment to go ahead in implementation of the agreement signed with the State of South Sudan as well as leading a joint action to persuade the international community to write off the Sudan debts, particularly that Sudan has fulfilled all conditions for debt cancelling.
The Head of the Department of Strategic Planning and Communication at the Central Bank of Sudan Nasr-Eddin Suleiman has underlined importance of strategic planning and its role in improving the situation in CBOS
and in the development of banking policies as well as Sudan economy in general.