Embassy of the Republic of the Sudan in Berlin

Official: Central bank has foreign exchange reserves

Khartoum, April 25 (SUNA) - Deputy Governor of the Central Bank of Sudan Mohamed Ahmed Bushra, has affirmed that the bank has foreign exchange reserves sufficient to meet the needs of urgent strategic commodities within the framework of the exchange rate unification policy that was implemented in the last period. This came during a meeting of the ministerial committee to implement the exchange rate unification policies on Saturday evening, headed by Minister of Cabinet Affairs, Eng. Khalid Omer Yusuf. The deputy governor of the Central Bank of Sudan pointed out that the bank would adopt a new policy to ensure its intervention in the foreign exchange market by providing foreign exchange resources for commercial banks to meet strategic goods in the market and cover the deficit in this regard. He said, the central bank made efforts to restore foreign correspondence relations with the US Federal Reserve, indicating that this was done through virtual meetings with the leadership of the US Federal bank. The committee’s meeting discussed how to maximize the banking market’s foreign exchange earnings through activating and opening foreign correspondent relationships. BT/BT