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Central Bank devalues Sudanese pound
Central Bank devalues Sudanese pound
Published: 2016/11/27
Channel: AP Archive
"Office Re-Engineering" : Central Bank Of Sudan
"Office Re-Engineering" : Central Bank Of Sudan
Published: 2014/01/03
Channel: JUMAH BUSINESS SOLUTIONS - UAE
South Sudan
South Sudan's central bank governor, other senior government officials sacked
Published: 2017/01/15
Channel: africanews
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
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
Only 3 Countries Left Without a Rothschild Central Bank
Only 3 Countries Left Without a Rothschild Central Bank
Published: 2013/03/08
Channel: syyenergy7
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
Nigerian Central Bank to inject more dollars into the foreign exchange market
Nigerian Central Bank to inject more dollars into the foreign exchange market
Published: 2017/03/14
Channel: CGTN Africa
Sudan pleased US finally lift economic embargo
Sudan pleased US finally lift economic embargo
Published: 2017/01/19
Channel: AP Archive
Nigerian Central Bank brings attempts to fix forex shortage
Nigerian Central Bank brings attempts to fix forex shortage
Published: 2017/02/25
Channel: CGTN Africa
Central Bank will not interfere with dollar exchange rate
Central Bank will not interfere with dollar exchange rate
Published: 2015/06/25
Channel: NTVUganda
U.S. Special Envoy Speaks on Sudan and South Sudan
U.S. Special Envoy Speaks on Sudan and South Sudan
Published: 2017/01/18
Channel: United States Institute of Peace
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
Foreign Currency Bank Note One south sudanese pound
Foreign Currency Bank Note One south sudanese pound
Published: 2014/06/09
Channel: lonewolfik
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
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
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
South Africa Central bank calls for commercial lenders
South Africa Central bank calls for commercial lenders' accountability
Published: 2017/02/25
Channel: CGTN Africa
South Sudan to Receive New Currency
South Sudan to Receive New Currency
Published: 2011/07/12
Channel: AlArabiya قناة العربية
Success-Tarig Ahmed Khalid at TEDxKhartoum
Success-Tarig Ahmed Khalid at TEDxKhartoum
Published: 2012/05/20
Channel: TEDx Talks
ZIONIST/TRUMP/BANKS & THE PYRAMID SCHEME
ZIONIST/TRUMP/BANKS & THE PYRAMID SCHEME
Published: 2017/01/20
Channel: EndingChildAbuse
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
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
Tanzania Central Bank announces new rules for capital conservation
Tanzania Central Bank announces new rules for capital conservation
Published: 2017/06/16
Channel: CGTN Africa
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
Central Bank Governors from Africa visit Israel
Central Bank Governors from Africa visit Israel
Published: 2012/07/10
Channel: AmVoicesnIsrael
Rothschild Central Bank  ( World Nations Resistance is Futile )
Rothschild Central Bank ( World Nations Resistance is Futile )
Published: 2014/11/12
Channel: Comex Joe
S Sudan currency crisis slowing business
S Sudan currency crisis slowing business
Published: 2013/11/21
Channel: Al Jazeera English
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
Five Sudanese Pounds - Bank of Sudan - Money Bill
Five Sudanese Pounds - Bank of Sudan - Money Bill
Published: 2013/06/17
Channel: MKROXTON
None Human Habitation - Sudan - East Bank Of The River Nile.wmv
None Human Habitation - Sudan - East Bank Of The River Nile.wmv
Published: 2010/10/25
Channel: Gogglestared
50 Piastres banknote of the Central Bank of Egypt
50 Piastres banknote of the Central Bank of Egypt
Published: 2013/06/16
Channel: MKROXTON
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
Central Bank of Swaziland Testimonial
Central Bank of Swaziland Testimonial
Published: 2015/03/31
Channel: Invest Swaziland
South Sudan News -7 new States
South Sudan News -7 new States
Published: 2017/01/15
Channel: Dominic D.
Central bank stops selling foreign exchange
Central bank stops selling foreign exchange
Published: 2016/01/13
Channel: CGTN Africa
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
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)
Nigeria
Nigeria's Central Bank Governor approves crackdown on currency dealers
Published: 2016/11/23
Channel: CGTN Africa
Sudan
Sudan's oldest nature reserve, Dinder National Park now popular tourist destination
Published: 2017/05/22
Channel: CGTN Africa
South Sudan Music - Gospel music by uncle Joe
South Sudan Music - Gospel music by uncle Joe
Published: 2017/01/17
Channel: One Love Music Station TV S.Sudan
Uganda
Uganda's Central bank cuts key lending rate to 14%
Published: 2016/08/09
Channel: CGTN Africa
Zimbabwe
Zimbabwe's Central Bank scraps plans to convert earnings to Rand & Euros
Published: 2016/05/12
Channel: CGTN Africa
Sign Of Division At Japan
Sign Of Division At Japan's Central Bank
Published: 2013/12/26
Channel: Wochit News
Attend to MF seminer int_Friendship Hall_Khartoum.MP4
Attend to MF seminer int_Friendship Hall_Khartoum.MP4
Published: 2010/01/07
Channel: kazi Shohel Amran
RDBS Profile: Dr Gaffar Khalid
RDBS Profile: Dr Gaffar Khalid
Published: 2013/11/28
Channel: UELRDBS
UPDF begins withdrawing from South Sudan
UPDF begins withdrawing from South Sudan
Published: 2015/10/20
Channel: NTVUganda
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
Rothschild Conspiracy Explained In 4 Minutes
Rothschild Conspiracy Explained In 4 Minutes
Published: 2016/04/22
Channel: MassReport
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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 Abdelrahman Hashim
Central bank of Sudan
Currency Sudanese pound
SDG (ISO 4217)
Website www.bankofsudan.org (now defunct)

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 Khartoum and its governor is currently Abdelrahman Hassan Abdelrahman Hashim.

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. Retrieved 2012-02-23. 

External links[edit]

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