Home | News    Saturday 25 March 2017

Sudan resumes financial transactions with U.S. banks: FM

separation
increase
decrease
separation
separation

March 24, 2017 (KHARTOUM) - Sudan’s Foreign Ministry Friday said financial transactions with the United States banks have resumed after the Finance Ministry and Central Bank of Sudan (CBoS) applied the required measures.

JPEG - 34.6 kb
The Central Bank of Sudan (CBoS) in Khartoum (Photo: Reuters)

Last January, former President Obama signed an executive order to suspend two-decade sanctions against Sudan enabling trade and investment transactions to resume with the east African nation.

The move came in recognition of Sudan’s collaboration to curtail terrorism, and its efforts to improve humanitarian access to civilians in the affected conflict areas.

Within four months, Washington will review the situation and may re-establish the suspended measures, if it considers that Khartoum didn’t honour its commitments. But If its finding is positive then the sanctions included in 1997 and 2006 executive orders would be definitively cancelled.

Sudan’s Foreign Ministry Under-Secretary Abdel-Ghani al-Nai’m announced that commercial transactions in dollars have started with the U.S. banks, saying Sudan has great investment potential.

He told the semi-official Sudan Media Center (SMC) that a number of European companies will arrive in Khartoum in April to discuss investment opportunities in the country.

The Sudanese diplomat said Khartoum will continue dialogue with Washington on the terrorism file, expressing their readiness to communicate with counterpart institutions to serve interests of both countries.

Sudan was placed on the US terrorism list in 1993 over allegations it was harbouring Islamist militants working against regional and international targets.

Washington admitted Sudan’s cooperation in the anti-terror war but continues to maintain the east African nation name on the list with Libya, Iran, Iraq, North Korea, Syria and Yemen.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Dissolution and formation of the Cabinet - 2013 2018-04-20 08:00:00 Amb Telar Deng The events that led to the 2013 dissolution of cabinet can be traced back to the deep mistrust that fermented back in 1991 when leaders failed to close ranks. After the 1991 (...)

The Darfur issue remains in oblivion 2018-04-20 07:36:49 By Mahmoud A. Suleiman The victims and survivors of the atrocious crimes in the Darfur region where very few in the world cares for their plight continue feeling trapped, no way out but at the (...)

IGAD and the question of impartiality 2018-04-20 07:18:21 By Duop Chak Wuol One of the main reasons the Intergovernmental Authority on Development (IGAD) was formed was to maintain peace in the East African region. In its mission statement, the bloc (...)


MORE






Latest Press Releases


Abyei celebrates Mine Awareness Day 2018-04-05 08:52:03 4 April 2018 | Abyei - The United Nations Interim Security Force for Abyei (UNISFA) and the United Nations Mine Action Service (UNMAS) commemorated the International Day for Mine Awareness and (...)

Appeal for forgiveness and pardon of John Agou Wuoi 2018-03-07 08:28:08 H.E. Salva Kiir Mayardit, President and Commander-in-Chief, of the Sudan People's Liberation Army (SPLA), Republic of South Sudan (RSS), 5th February, 2018. Through: Hon. Michael Makuei Lueth (...)

Petition for release of Agou John Wuoi from prison 2018-02-15 20:45:31 Open letter to South Sudan President Salva Kiir Your Excellency, Kindly please permit me to take this rare opportunity to appreciate you for every effort you have made toward making South Sudan (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.