The Central Bank of Sudan (CBOS) announced on Monday that petroleum import companies have begun fulfilling the in-kind guarantee requirements stipulated in its circulars as part of efforts to strengthen foreign exchange management and enhance oversight of foreign trade operations.
In a press statement, the Bank said companies are depositing the required guarantees—200 kilograms of gold—with the Sudan Gold Refinery Company in accordance with approved procedures. Certificates of deposit have already been issued to several companies that met the requirement, qualifying them to undertake import operations under the approved regulations.
The Bank said the measures are intended to strengthen oversight of import activities, improve foreign exchange management, and enhance transparency and reliability in financing strategic imports.
CBOS added that coordination among banks, relevant government agencies, and the Sudan Gold Refinery Company is facilitating implementation within the approved regulatory framework, supporting broader efforts to promote economic and financial stability.
The Bank reaffirmed its commitment to monitoring the implementation of foreign trade policies and procedures and periodically assessing their impact in support of monetary policy objectives and the soundness and efficiency of the financial system.
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