Sudanese central bank weakens foreign exchange rate for banks

Central Bank of Sudan

Sudan’s central bank has significantly weakened the rate at which the country’s banks can trade domestic for foreign currency, after carrying out a major devaluation of the currency in January.

Central bank governor Hazem Abdul Qader told locally-based reporters on February 4 that it was raising the band within which the country’s banks can exchange Sudanese pounds for US dollars. The rate rose from a band of 16 to 20 Sudanese pounds per dollar to a band of 28.8 to 31.5 pounds per dollar

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.