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 (...)
The following ads are provided by Google. SudanTribune has no authority on it.
Holding accountable those enabling genocide in Sudan2016-12-05 05:30:49
As grim genocide by attrition in Darfur is set to enter its fifteenth year, as Khartoum’s claim of a purely nominal “cease-fire” in South Kordofan is belied by repeated reports of Sudan (...)