The General Administration of Financial Markets at the Central Bank of Sudan (CBOS) has issued a new circular to all commercial banks aimed at regulating the submission of foreign currency requests allocated for import operations.
Under the directive, banks are required to compile their clients’ requests and submit them to the Central Bank daily no later than 12:00 noon. Requests received after this deadline will be automatically deferred to the next working day.
The move is part of ongoing efforts by the Central Bank to enhance the efficiency of managing available foreign currency resources and to allocate them more transparently to essential commodities. The relevant directorate has designated a specific email address for receiving the submissions in order to speed up processing and reduce delays in financing procedures, thereby ensuring the steady flow of essential goods into local markets.
The Central Bank also stressed the need for commercial banks to maintain full accuracy in their daily submissions, which must include detailed information such as the client’s name, type of imported commodity, request value, payment method, and maturity date.
CBOS said the measures are part of efforts to monitor foreign currency flows and ensure their allocation in line with approved import priorities and regulations.
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