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Central Bank devalues Sudanese pound
Central Bank devalues Sudanese pound
Published: 2016/11/27
Channel: AP Archive
Central Bank Of Sudan -  Office Re Engineering
Central Bank Of Sudan - Office Re Engineering
Published: 2016/10/10
Channel: Central Bank of Sudan
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
South Sudan
South Sudan's central bank governor, other senior government officials sacked
Published: 2017/01/15
Channel: africanews
Fifty Sudanese Pounds - Bank of Sudan banknote
Fifty Sudanese Pounds - Bank of Sudan banknote
Published: 2013/06/17
Channel: MKROXTON
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
Rothschild-owned Central Banks in All But Three Countries in 2013!!
Rothschild-owned Central Banks in All But Three Countries in 2013!!
Published: 2013/03/16
Channel: MoneyBags73
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
Only 3 Countries Left Without a Rothschild Central Bank
Only 3 Countries Left Without a Rothschild Central Bank
Published: 2013/03/08
Channel: syyenergy7
South Sudan to Receive New Currency
South Sudan to Receive New Currency
Published: 2011/07/12
Channel: AlArabiya قناة العربية
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
The Story  - Suluja ti South Sudan
The Story - Suluja ti South Sudan
Published: 2017/01/16
Channel: Nespresso
Rothschild-owned Central Banks in All But Three Countries in 2013!!
Rothschild-owned Central Banks in All But Three Countries in 2013!!
Published: 2017/03/21
Channel: Rita D. Jones
South Africa Central bank calls for commercial lenders
South Africa Central bank calls for commercial lenders' accountability
Published: 2017/02/25
Channel: CGTN Africa
Sudanese Troops and Saudi Mercenaries were defeated in foiling their infiltration toward Alhamli
Sudanese Troops and Saudi Mercenaries were defeated in foiling their infiltration toward Alhamli
Published: 2017/08/22
Channel: Yemeni Military Media
Rothschild Conspiracy Explained In 4 Minutes
Rothschild Conspiracy Explained In 4 Minutes
Published: 2016/04/22
Channel: MassReport
Jean Claude Van Damme calls out Rothschild and Rockefeller on live TV
Jean Claude Van Damme calls out Rothschild and Rockefeller on live TV
Published: 2016/03/19
Channel: v3ktör147
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
Yemen: central bank relocated from Sanaa to Aden
Yemen: central bank relocated from Sanaa to Aden
Published: 2016/09/21
Channel: AFP news agency
SOUTH SUDAN POLITICS IN JUBA
SOUTH SUDAN POLITICS IN JUBA
Published: 2013/12/10
Channel: Ally Ngethi
Sudan
Sudan's oldest nature reserve, Dinder National Park now popular tourist destination
Published: 2017/05/22
Channel: CGTN Africa
50 Piastres banknote of the Central Bank of Egypt
50 Piastres banknote of the Central Bank of Egypt
Published: 2013/06/16
Channel: MKROXTON
Success-Tarig Ahmed Khalid at TEDxKhartoum
Success-Tarig Ahmed Khalid at TEDxKhartoum
Published: 2012/05/20
Channel: TEDx Talks
Rothschild owned Central Bank and Cuba (Fidel Castro) NWO
Rothschild owned Central Bank and Cuba (Fidel Castro) NWO
Published: 2016/12/01
Channel: AXIOM INFO
Commercial Bank of Africa seeks Central Bank approval for mobile savings scheme
Commercial Bank of Africa seeks Central Bank approval for mobile savings scheme
Published: 2016/01/29
Channel: NTVUganda
S Sudan currency crisis slowing business
S Sudan currency crisis slowing business
Published: 2013/11/21
Channel: Al Jazeera English
Central Bank Governors from Africa visit Israel
Central Bank Governors from Africa visit Israel
Published: 2012/07/10
Channel: AmVoicesnIsrael
AS IT IS  - S Sudan - Box Banking - 20130215
AS IT IS - S Sudan - Box Banking - 20130215
Published: 2013/02/15
Channel: ListenAndReadAlong
ZIONIST/TRUMP/BANKS & THE PYRAMID SCHEME
ZIONIST/TRUMP/BANKS & THE PYRAMID SCHEME
Published: 2017/01/20
Channel: EndingChildAbuse
China-Africa Honeymoon Over? Nigeria Central Bank Governor Thinks So
China-Africa Honeymoon Over? Nigeria Central Bank Governor Thinks So
Published: 2013/03/12
Channel: NTDonChina
Five Sudanese Pounds - Bank of Sudan - Money Bill
Five Sudanese Pounds - Bank of Sudan - Money Bill
Published: 2013/06/17
Channel: MKROXTON
Libya deports over 100 illegal Sudanese migrants
Libya deports over 100 illegal Sudanese migrants
Published: 2017/09/15
Channel: CGTN Africa
Sudanese microfinance providers mobile banking adoption intention determinants
Sudanese microfinance providers mobile banking adoption intention determinants
Published: 2016/08/25
Channel: World Association for Sustainable Development (WASD)
Bitcoin players may have crashed Central Bank website
Bitcoin players may have crashed Central Bank website
Published: 2013/12/19
Channel: CGTN
Another US Gov Central Bank Failure, South Sudan Is On The Brink Of A Scale War Episo
Another US Gov Central Bank Failure, South Sudan Is On The Brink Of A Scale War Episo
Published: 2016/11/04
Channel: Roy Reed
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
Matsanga Africa Perspective: Central Bank of Kenya Cracks the Whip
Matsanga Africa Perspective: Central Bank of Kenya Cracks the Whip
Published: 2016/10/03
Channel: Punchline Africa Tv
Back to civil war? Fighting rocks South Sudan capital
Back to civil war? Fighting rocks South Sudan capital
Published: 2016/07/12
Channel: FRANCE 24 English
the dark sky | Yousra Abdalmoniem | TEDxUMST
the dark sky | Yousra Abdalmoniem | TEDxUMST
Published: 2016/07/05
Channel: TEDx Talks
Central bank of central african states  adopts measures to assist member countries
Central bank of central african states adopts measures to assist member countries
Published: 2017/02/02
Channel: africanews
Trumps Policy on S Sudan
Trumps Policy on S Sudan
Published: 2017/01/16
Channel: TV2Africa
South Sudanese President wraps up visit to Cairo
South Sudanese President wraps up visit to Cairo
Published: 2017/01/12
Channel: CGTN Africa
South Sudan Peace: Regional ministers hope to get 2015 accord back on track
South Sudan Peace: Regional ministers hope to get 2015 accord back on track
Published: 2017/07/25
Channel: CGTN Africa
Agency Banking About to Start, Bank of Uganda to Issue Guidelines
Agency Banking About to Start, Bank of Uganda to Issue Guidelines
Published: 2017/09/06
Channel: NBS TV Uganda
Protester disrupts European Central Bank press conference - as it happened
Protester disrupts European Central Bank press conference - as it happened
Published: 2015/04/16
Channel: PressTV News 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
Kwame Selikem Okatakyie on Baggara People of South Sudan, Chad, and Central African Republic.
Kwame Selikem Okatakyie on Baggara People of South Sudan, Chad, and Central African Republic.
Published: 2017/06/26
Channel: Kwame Selikem Okatakyie
Central Bank of Kenya unveils loan pricing formula for banks
Central Bank of Kenya unveils loan pricing formula for banks
Published: 2014/07/09
Channel: KTN News Kenya
Drip-feeding Chinese culture in Sudan
Drip-feeding Chinese culture in Sudan
Published: 2013/03/08
Channel: Al Jazeera English
Interview: Ezekiel Lol Gatkuoth, S.Sudan Minister of Petroleum on regulating oil production
Interview: Ezekiel Lol Gatkuoth, S.Sudan Minister of Petroleum on regulating oil production
Published: 2017/01/14
Channel: CGTN Africa
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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
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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