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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
the dark sky | Yousra Abdalmoniem | TEDxUMST
the dark sky | Yousra Abdalmoniem | TEDxUMST
Published: 2016/07/05
Channel: TEDx Talks
Fifty Sudanese Pounds - Bank of Sudan banknote
Fifty Sudanese Pounds - Bank of Sudan banknote
Published: 2013/06/17
Channel: MKROXTON
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
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
Gut Feeling | Mohamed Yousif | TEDxUMST
Gut Feeling | Mohamed Yousif | TEDxUMST
Published: 2015/12/14
Channel: TEDx Talks
Only 3 Countries Left Without a Rothschild Central Bank
Only 3 Countries Left Without a Rothschild Central Bank
Published: 2013/03/08
Channel: syyenergy7
ArabicFinInclusiveDayCBOS
ArabicFinInclusiveDayCBOS
Published: 2017/04/27
Channel: Central Bank of Sudan CBOS
South Sudan to start oil production after new deal
South Sudan to start oil production after new deal
Published: 2017/01/07
Channel: Al Jazeera English
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
Victoria
Victoria's Story
Published: 2011/01/07
Channel: World Bank
History of the Rothschilds Banking Control in America
History of the Rothschilds Banking Control in America
Published: 2010/07/20
Channel: the1dutchmaster
South Sudan
South Sudan's central bank governor, other senior government officials sacked
Published: 2017/01/15
Channel: africanews
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
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
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
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
Five Sudanese Pounds - Bank of Sudan - Money Bill
Five Sudanese Pounds - Bank of Sudan - Money Bill
Published: 2013/06/17
Channel: MKROXTON
Sudan
Sudan's separation from South Sudan continues hurting its economy
Published: 2016/09/21
Channel: CGTN Africa
Bank of Sudan
Bank of Sudan
Published: 2017/10/16
Channel: سفارة السودان في مدريد embajada de Sudan en Madrid
S Sudan currency crisis slowing business
S Sudan currency crisis slowing business
Published: 2013/11/21
Channel: Al Jazeera English
50 Piastres banknote of the Central Bank of Egypt
50 Piastres banknote of the Central Bank of Egypt
Published: 2013/06/16
Channel: MKROXTON
Foreign Currency Bank Note One south sudanese pound
Foreign Currency Bank Note One south sudanese pound
Published: 2014/06/09
Channel: lonewolfik
Top 10 Largest Cities or Towns in Sudan
Top 10 Largest Cities or Towns in Sudan
Published: 2017/09/30
Channel: Top 10
Success-Tarig Ahmed Khalid at TEDxKhartoum
Success-Tarig Ahmed Khalid at TEDxKhartoum
Published: 2012/05/20
Channel: TEDx Talks
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
ZIONIST/TRUMP/BANKS & THE PYRAMID SCHEME
ZIONIST/TRUMP/BANKS & THE PYRAMID SCHEME
Published: 2017/01/20
Channel: EndingChildAbuse
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
Drip-feeding Chinese culture in Sudan
Drip-feeding Chinese culture in Sudan
Published: 2013/03/08
Channel: Al Jazeera English
MaximsNewsNetwork: SUDAN - REMOTE CATTLE CAMPS VOTE in ELECTIONS (UNMIS)
MaximsNewsNetwork: SUDAN - REMOTE CATTLE CAMPS VOTE in ELECTIONS (UNMIS)
Published: 2010/04/15
Channel: MaximsNewsNetwork
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
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
South Sudan to Receive New Currency
South Sudan to Receive New Currency
Published: 2011/07/12
Channel: AlArabiya قناة العربية
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
Around Uganda: UPDF arrests South Sudan rebel leader
Around Uganda: UPDF arrests South Sudan rebel leader
Published: 2017/11/20
Channel: New Vision TV
South Sudan Economy on the Brink of Collapse
South Sudan Economy on the Brink of Collapse
Published: 2017/08/25
Channel: NBS TV Uganda
UN injects 15.5 mln USD into emergency response in S. Sudan
UN injects 15.5 mln USD into emergency response in S. Sudan
Published: 2017/05/28
Channel: CGTN
Sudan
Sudan's president anticipates lifting of two-decade-long sanctions
Published: 2017/09/29
Channel: CGTN
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
Sudan pleased US finally lift economic embargo
Sudan pleased US finally lift economic embargo
Published: 2017/01/19
Channel: AP Archive
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
السودان يودع التوقيت الحالي ويرجع لتوقيته الجغرافي القديم غرينتش
السودان يودع التوقيت الحالي ويرجع لتوقيته الجغرافي القديم غرينتش
Published: 2017/11/03
Channel: SudanOnline
CI Africa interviews South Sudan Finance Minister Stephen Dhieu Dau #IMFMeetings
CI Africa interviews South Sudan Finance Minister Stephen Dhieu Dau #IMFMeetings
Published: 2016/10/08
Channel: Capitol Intel Group/BBN www.capitolintelgroup.com
Equity not quitting S. Sudan market
Equity not quitting S. Sudan market
Published: 2016/03/08
Channel: KBC Channel 1
South Sudan Independence
South Sudan Independence
Published: 2011/07/11
Channel: World Bank
South Sudanese refugees in Uganda & other topics - Daily Briefing (17 August 2017)
South Sudanese refugees in Uganda & other topics - Daily Briefing (17 August 2017)
Published: 2017/08/17
Channel: United Nations
Ugandan leader calls for inclusive dialogue in South Sudan
Ugandan leader calls for inclusive dialogue in South Sudan
Published: 2016/12/23
Channel: Peter Louis
Where Is Sudan In The World?
Where Is Sudan In The World?
Published: 2017/10/11
Channel: Bet 2 Bet
Trumps Policy on S Sudan
Trumps Policy on S Sudan
Published: 2017/01/16
Channel: TV2Africa
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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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