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Black market foreign exchange and counterfeiting Black market foreign exchange and counterfeiting
- Friday 28 September 2012
September 27, 2012 (WASHINGTON) – The International Monetary Fund (IMF) released figures on Thursday projecting that Sudan’s external debts will hit an all-time high next year, the latest evidence of a growing economic crisis engulfing (...)
- Monday 16 April 2012
April 15, 2012 (KHARTOUM) – The Sudanese government has finally acknowledged the economic ramifications of losing oil-producing area of Heglig to South Sudan’s army, revealing measures to remedy the situation. FILE – Sudan’s oil Minister (...)
- Wednesday 5 September 2012
By Bonifacio Taban Kuich
September 4, 2012 (BENTIU) - Authorities in Unity State have confirmed that in July this year they arrested a South Sudanese man for selling counterfeit foreign currency. The police say they are also looking (...)
- Tuesday 20 November 2012
November 19, 2012 (KHARTOUM) – The Central Bank of Sudan (CBoS) announced on Monday that it received "large deposits" in its foreign accounts that would bolster its foreign exchange reserves to meet food import needs and achieve Forex (...)
- Monday 21 May 2012
May 20, 2012 (KHARTOUM) – The Central Bank of Sudan’s (CBS) decision to allow Forex bureaus in the country to use their own rates instead of the official one in currency transactions has attracted criticism from senior officials (...)
- Friday 10 August 2012
August 9, 2012 (KHARTOUM) – The Sudanese pound is slowly beginning to recover from months of sharp declines in value against the US dollar following news of a deal reached to resume exporting South Sudan’s oil. FILE PHOTO - A Sudanese (...)
- Wednesday 12 September 2012
By Julius N. Uma
September 11, 2012 (JUBA) - South Sudan’s Central Bank has sufficient reserves of local currency, capable of running the country for the next five years without printing any money, Kornelio Koriom, its Governor said (...)
- Friday 17 August 2012
August 16, 2012 (KHARTOUM) – The price of the US dollar in Sudan’s black market for hard currency jumped on Thursday to SDG 5.95 as the country’s central bank further devalued the local pound in renewed efforts to plug the gap with the (...)
- Wednesday 13 March 2013
March 12, 2013 (KHARTOUM) – The US dollar inched lower in the Sudanese black market in what appeared to be an immediate reaction to the agreement signed on Tuesday between Khartoum and Juba to resume oil exports. The value of the (...)
- Monday 16 July 2012
July 15, 2012 (KHARTOUM) – The Sudanese pound has continued to decline against the US Dollar as the inflation rate reached over 37% last June, indicating the severe economic situation of the country. The value of the Sudanese pound (...)
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