Central Bank Requires 200 kg Gold Deposit as Collateral for Fuel Import Applications

Sudanhorizon – Hala Hamza

The Central Bank of Sudan has instructed the Ministries of Energy and Trade not to begin procedures for issuing a no-objection certificate or granting authorization to companies seeking to import petroleum products through the “Baladna” platform unless an official confirmation is received from the Sudan Gold Refinery verifying that the company has deposited 200 kilograms of 21-karat gold as collateral.

The directive, issued on Sunday by Central Bank Governor Amina Mirghani, emphasized the importance of establishing email-based linkage with the refinery and ensuring direct coordination between the Ministry of Energy and Petroleum and the Sudan Gold Refinery to verify compliance with this requirement before issuing a no-objection certificate.

The Central Bank stated that the decision applies to all petroleum product import applications submitted through the Baladna platform. The measure is part of broader efforts to strengthen regulatory controls governing petroleum imports and ensure that companies operating in the sector comply with the required conditions and obligations.

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