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 stability.
"We will utilize this cash primarily to stabilize the exchange rate in the light of expectations for greater flows of foreign exchange during the upcoming period" says the CBoS press release.
The development comes as the Sudanese pound fell sharply (...)
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