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Central Bank devalues Sudanese pound
Central Bank devalues Sudanese pound
Published: 2016/11/27
Channel: AP Archive
Fifty Sudanese Pounds - Bank of Sudan banknote
Fifty Sudanese Pounds - Bank of Sudan banknote
Published: 2013/06/17
Channel: MKROXTON
Sudan central bank devalues currency amid soaring inflation
Sudan central bank devalues currency amid soaring inflation
Published: 2018/02/05
Channel: africanews
"Office Re-Engineering" : Central Bank Of Sudan
"Office Re-Engineering" : Central Bank Of Sudan
Published: 2014/01/03
Channel: JUMAH BUSINESS SOLUTIONS - UAE
All South Sudanese Pound Banknotes - 2011 Issue in HD
All South Sudanese Pound Banknotes - 2011 Issue in HD
Published: 2015/08/27
Channel: MKROXTON
South Sudan leaders sign ceasefire agreement
South Sudan leaders sign ceasefire agreement
Published: 2017/12/22
Channel: Al Jazeera English
السودان يودع التوقيت الحالي ويرجع لتوقيته الجغرافي القديم غرينتش
السودان يودع التوقيت الحالي ويرجع لتوقيته الجغرافي القديم غرينتش
Published: 2017/11/03
Channel: SudanOnline
South Sudan President Salva Kiir appoints new Central Bank governor
South Sudan President Salva Kiir appoints new Central Bank governor
Published: 2017/01/19
Channel: CGTN Africa
Another US Gov/Central Bank Failure, South Sudan Is On The Brink Of A Full Scale War - Episode 1020b
Another US Gov/Central Bank Failure, South Sudan Is On The Brink Of A Full Scale War - Episode 1020b
Published: 2016/07/13
Channel: X22Report
Sudan to devalue its currency
Sudan to devalue its currency
Published: 2017/12/26
Channel: CGTN Africa
South Sudan Parliament eliminates the central bank
South Sudan Parliament eliminates the central bank's decision to reduce the pound against the dollar
Published: 2013/11/15
Channel: South Sudan Online
Bitcoin players may have crashed Central Bank website
Bitcoin players may have crashed Central Bank website
Published: 2013/12/19
Channel: CGTN
Sudan National Bank
Sudan National Bank
Published: 2008/05/30
Channel: Wood Johnson
Effective communications in Academia and Research, By Dr. Hassan #SRF_Webinar
Effective communications in Academia and Research, By Dr. Hassan #SRF_Webinar
Published: 2016/10/01
Channel: Sudanese Researchers Foundation
Exhibition showcases goods not allowed in Sudan since US sanctions
Exhibition showcases goods not allowed in Sudan since US sanctions
Published: 2016/11/16
Channel: AP Archive
ArabicFinInclusiveDayCBOS
ArabicFinInclusiveDayCBOS
Published: 2017/04/27
Channel: Central Bank of Sudan CBOS
50 Piastres banknote of the Central Bank of Egypt
50 Piastres banknote of the Central Bank of Egypt
Published: 2013/06/16
Channel: MKROXTON
Uganda and South Sudan central banks sign M.O.U.
Uganda and South Sudan central banks sign M.O.U.
Published: 2012/10/01
Channel: Urban TV Uganda
Sudan Forex rates Gov
Sudan Forex rates Gov't to devalue the currency in January 2018
Published: 2017/12/29
Channel: CGTN Africa
South Sudan
South Sudan's central bank governor, other senior government officials sacked
Published: 2017/01/15
Channel: africanews
Sudan and Saudi Arabia to restore banking relations
Sudan and Saudi Arabia to restore banking relations
Published: 2017/12/29
Channel: africanews
All Sudanese Dinar Banknotes - 1992 to 2002 in HD
All Sudanese Dinar Banknotes - 1992 to 2002 in HD
Published: 2015/08/27
Channel: MKROXTON
Prices of basic goods spike in Sudan after currency devaluation
Prices of basic goods spike in Sudan after currency devaluation
Published: 2018/01/24
Channel: CGTN Africa
Success-Tarig Ahmed Khalid at TEDxKhartoum
Success-Tarig Ahmed Khalid at TEDxKhartoum
Published: 2012/05/20
Channel: TEDx Talks
Us sanctions not the cause of sudan’s economic problem
Us sanctions not the cause of sudan’s economic problem
Published: 2017/10/24
Channel: Hot News
Rothschild Conspiracy Explained In 4 Minutes
Rothschild Conspiracy Explained In 4 Minutes
Published: 2016/04/22
Channel: CryptoChat
S Sudan currency crisis slowing business
S Sudan currency crisis slowing business
Published: 2013/11/21
Channel: Al Jazeera English
Bank of Sudan
Bank of Sudan
Published: 2017/10/16
Channel: سفارة السودان في مدريد embajada de Sudan en Madrid
Central Bank Governors from Africa visit Israel
Central Bank Governors from Africa visit Israel
Published: 2012/07/10
Channel: AmVoicesnIsrael
25 Piastres of the Central Bank of Egypt - Papermoney in HD
25 Piastres of the Central Bank of Egypt - Papermoney in HD
Published: 2013/06/16
Channel: MKROXTON
Kenyan banks to freeze accounts of s.sudan generals
Kenyan banks to freeze accounts of s.sudan generals
Published: 2017/10/26
Channel: SS NEWS
South sudan delegation in u.s for imf/world bank meetings - sudan tribune: plural news and views on
South sudan delegation in u.s for imf/world bank meetings - sudan tribune: plural news and views on
Published: 2017/10/10
Channel: SS NEWS
South Sudan to Receive New Currency
South Sudan to Receive New Currency
Published: 2011/07/12
Channel: AlArabiya قناة العربية
Top 10 Largest Cities or Towns in Sudan
Top 10 Largest Cities or Towns in Sudan
Published: 2017/09/30
Channel: Top 10
Banknotes of Sudan - Sudan
Banknotes of Sudan - Sudan's paper money - Sudan's Bonds - protection of notes
Published: 2017/10/15
Channel: Пак Ир Сук
Kenyan banks to freeze accounts of s.sudan generals
Kenyan banks to freeze accounts of s.sudan generals
Published: 2017/10/26
Channel: SS NEWS
Five Sudanese Pounds - Bank of Sudan - Money Bill
Five Sudanese Pounds - Bank of Sudan - Money Bill
Published: 2013/06/17
Channel: MKROXTON
South Sudan issues own currency
South Sudan issues own currency
Published: 2011/09/04
Channel: Al Jazeera English
Nationalism #FixingSouth Sudan
Nationalism #FixingSouth Sudan
Published: 2018/01/26
Channel: FIXING SOUTH SUDAN SHOW
UN considering new base on western bank of Nile to give South Sudanese refugees confidence to return
UN considering new base on western bank of Nile to give South Sudanese refugees confidence to return
Published: 2018/02/02
Channel: UNMISS VIDEOS
Difficulties in obtaining forex leads to SABMiller South Sudan plant closure
Difficulties in obtaining forex leads to SABMiller South Sudan plant closure
Published: 2016/01/16
Channel: CGTN Africa
Central Bank of Egypt declines to devalue pound as inflation soars
Central Bank of Egypt declines to devalue pound as inflation soars
Published: 2016/07/13
Channel: CGTN Africa
Foreign currency demand revives black market
Foreign currency demand revives black market
Published: 2017/11/27
Channel: AP Archive
Capital Tv News in 2min [ MPs query S.Sudan forex scarcity]
Capital Tv News in 2min [ MPs query S.Sudan forex scarcity]
Published: 2015/07/08
Channel: Capital FM Kenya
Analysing Nigeria-Sudan Clash In 2018 CHAN Semis With Abdul Musa |Sports Tonight|
Analysing Nigeria-Sudan Clash In 2018 CHAN Semis With Abdul Musa |Sports Tonight|
Published: 2018/02/01
Channel: Channels Television
C R B  - Bank of South Sudan
C R B - Bank of South Sudan
Published: 2015/02/20
Channel: Bank of South Sudan
Miss World South Sudan 2017 #FixingSouthSudan
Miss World South Sudan 2017 #FixingSouthSudan
Published: 2018/01/06
Channel: FIXING SOUTH SUDAN SHOW
Currency devaluation sends food prices sky rocketing in South Sudan
Currency devaluation sends food prices sky rocketing in South Sudan
Published: 2016/01/27
Channel: CGTN Africa
the dark sky | Yousra Abdalmoniem | TEDxUMST
the dark sky | Yousra Abdalmoniem | TEDxUMST
Published: 2016/07/05
Channel: TEDx Talks
Cooperative Bank goes to South Sudan
Cooperative Bank goes to South Sudan
Published: 2013/10/11
Channel: KTN News Kenya
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WIKIPEDIA ARTICLE

From Wikipedia, the free encyclopedia
  (Redirected from Bank of Sudan)
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Central Bank of ٍSudan (CBOS)
بنك السودان المركزي
BOS LOGO.png
Central Bank of Sudan main branch in Khartoum
Central Bank of Sudan main branch in Khartoum
Headquarters Khartoum
Coordinates Coordinates: 15°36′15″N 32°30′15″E / 15.60417°N 32.50417°E / 15.60417; 32.50417
Established 1960
Ownership Government of Sudan
Governor Abdelrahman Hassan
Central bank of Sudan
Currency Sudanese pound
SDG (ISO 4217)

The Central Bank of Sudan is the central bank of Sudan. The bank was formed in 1960, four years after Sudan's independence. It is located in the capital Khartoum.

History[edit]

When Sudan achieved independence in 1956, the creation of a central bank was a priority. A 3-man commission of experts from the United States's Federal Reserve, worked with Sudanese government and finance specialists to create the Law of the Bank of Sudan for 1959, and in 1960 the Bank of Sudan began operations. To establish the bank, the Sudanese government nationalized the National Bank of Egypt's operations in the Sudan (some seven branches), and combined them with the Sudanese currency board.

In addition to the normal duties of a central bank, which may include minting coins and issuing banknotes, managing a country's internal and external accounting, and setting monetary policy and interest rates, Sudan's central bank is also responsible for fostering Islamic banking.

After Sudan introduced Islamic law (Sharia) in 1984, the banking and financial industry changed its practices to conform with Sharia. In 1993 the government established the Sharia High Supervisory Board (SHSB) to ensure compatibility of financial practices with Islamic principles. In compliance with the SHSB, the government is no longer selling treasury bills and government bonds; instead, the Bank sells "Financial Certificates" that comply with Islamic financial principles.

Banking history[edit]

In 1965, Bank of Sudan and Crédit Lyonnais formed a joint-venture bank named Al/An/El Nilein Bank (Nile Bank). Crédit Lyonnais contributed the two branches it had developed since it first entered Sudan in 1953. Bank of Sudan took 60 percent of the shares in Nilein Bank, and Crédit Lyonnais took 40 percent.

In 1970, the Sudanese government nationalized all the banks in the Sudan, changed the names of several, and put them under the Bank of Sudan. Barclays Bank, which had an extensive network of 24 branches, became the State Bank of Foreign Trade, and then Bank of Khartoum. The six branches of Egypt's Bank Misr became People's Cooperative Bank. The four branches of Jordan's Arab Bank became Red Sea Bank or Red Sea Commercial Bank (accounts differ). Commercial Bank of Ethiopia's one branch became Juba Commercial Bank. National and Grindlays Bank, which in 1969 had taken over the four branches that Ottoman Bank had established after it entered in 1949, became Omdurman Bank. In 1973 Red Sea Bank and People's Cooperative Bank were merged into Omdurman Bank. Then in 1984 Omdurman Bank merged with the Juba Commercial Bank to form Unity Bank.

In 1993, Al/An/El Nilein Bank merged with the Industrial Bank of Sudan to form Nilein Industrial Development Bank. In 2006, Dubai-based Emaar Properties and Amlak Finance acquired a 60% stake in Sudan’s El Nilein Industrial Development Bank; the Bank of Sudan retained a 40% stake.

Operations[edit]

Reverse of a series 1987 one-pound banknote featuring the bank's headquarters

As far as the current state of the Sudanese banking and financial situation is concerned, the bank's "About Bank of Sudan" section states:

Since the beginning of the Three Year Economic Program (1990–1993), the Bank of Sudan has carried out policies that aim to revitalize the Sudanese economy, the last of which was the credit policy of 2000 which was based on the following:

  1. Emphasizing supply side measures and monetary stability better to utilize banking resources by stressing financing of priority economic priority sectors, and continuation of streamlining general supply policies.
  2. Continuation of the social support program for the benefit of the poor families in accordance with the national mobilization project for social security and for the improvement of productivity.
  3. Continuation of financing public corporations through the banks without recourse to the Bank of Sudan for direct financing.
  4. Allowing the commercial banks to offer financing in foreign exchange according to the regulations issued by the Bank of Sudan.

Financial inclusion[edit]

The Bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion.[1]

Branches of the Bank of Sudan[edit]

As the country of Sudan is about 1½ times the area of the state of Alaska in the United States, the central bank has a branch bank system:

List of governors of the Bank of Sudan[edit]

Sources[edit]

Kaikati, Jack G. 1980. The Economy of Sudan: A Potential Breadbasket of the Arab World? International Journal of Middle East Studies 11, 99-123.

See also[edit]

References[edit]

  1. ^ "AFI members". AFI Global. 2011-10-10. Archived from the original on 2012-02-20. Retrieved 2012-02-23. 

External links[edit]

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