The Central Bank of Sudan (CBOS) has launched a coordinated initiative with the banking sector following consultations by Governor Amina Mirghani with all commercial banks operating in the country to determine their immediate and actual foreign currency requirements.
The move forms part of the Central Bank's plan to secure foreign exchange for citizens and productive sectors by injecting hard currency into the formal channels of the economy based on verified and carefully assessed indicators.
The consultations also aim to identify and quantify genuine demand among commercial banks and ensure that foreign currency resources are directed toward the sectors most urgently needed to meet the requirements of citizens and markets.
The initiative has been welcomed in financial and economic circles, with experts describing it as a positive indication of the Central Bank's active management of the foreign exchange portfolio through flexible mechanisms based on full partnership with commercial banks rather than relying solely on top-down decisions.
#Sudan-Nabaa#Sudan
Follow Nabaa Sudan channel on WhatsApp:
https://whatsapp.com/channel/0029VaG1qJ2FHWpuSTsncX43
https://www.facebook.com/share/p/1DvWiGjnnu//
