CBS: 400 Million Dirhams Injected into the Banking System to Meet Import Demands

Khartoum – Sudahorizon
Prime Minister Kamil Idris chaired an expanded meeting in Khartoum on Tuesday, which included the Ministers of Defense, Energy, and Trade and Industry, the Governor of the Bank of Sudan, the Prime Minister’s Special Representative, Al-Hussein Al-Khalifa Al-Siddiq Al-Hafyan, and the Prime Minister’s Advisor, Nizar Abdullah Mohammed.
The Governor of the Central Bank of Sudan (CBS), Amina Mirghani, stated in a press release that the meeting reviewed the country’s economic situation, policies to combat gold smuggling and the informal currency market, as well as new policies to address the volatility of the exchange rate.
She explained that the Central Bank of Sudan began injecting currency into the banking system on June 23, amounting to approximately 400 million dirhams, to meet import demands.
She noted that this step has succeeded in lowering the dirham’s exchange rate against the Sudanese pound to 1,200 today, representing a significant improvement and providing all importers with the necessary funds to meet their import needs.
The CBS Governor called on banks to comply with import regulations, enter all forms into the “Baladna” platform, and adhere to the procedures of the Ministry of Trade and Industry and all government requirements to fulfill genuine import requests in a way that ensures that currency is not smuggled out of the country.

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