Calls to Expedite the Issuance of New Securities for Liquidity Management

Khartoum – Sudanhorizon
Sudan Financial Services Company Ltd., a subsidiary of the Central Bank of Sudan, has emphasized the importance of expediting the issuance of new securities for liquidity management, following the completion of all technical work by the relevant committees.

This statement was made during the periodic board meeting for the third quarter of the current year, held Saturday at the Central Bank of Sudan headquarters in Khartoum, chaired by the Governor of the Central Bank of Sudan, Ms.Amna Mirghani Hassan El-Tom.

The meeting discussed the use of the new securities as a monetary policy tool via open market operations. It also examined the adoption of government securities as a financing instrument—similar to “Shahama Certificates”—in full coordination with the Ministry of Finance.

Furthermore, the meeting reviewed ongoing steps to issue the “Golden Certificate” and bank-specific (Sukuk) (Islamic financial certificates), and discussed the financial performance report for the third quarter, as well as the status of revenues and expenditures up to the end of September.

The meeting recommended approving a memorandum on capital increase, in preparation for its submission to the General Assembly for final approval.

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