Central Bank of Sudan

Central Bank of Sudan
Brief History

Upon the Bank of Sudan Act 1959, the Bank of Sudan started functioning in February 1960, playing a role in regulating the banking sector and performing as a bank of the government. In 1983 the Bank of Sudan adopted sharia standards, and in the late 1990s it started applying the Basel’s principles for effective banking supervision.
In 2005 a dual banking system (Islamic & Conventional) was adopted in accordance to the comprehensive peace agreement signed with South Sudan, which ceased

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