Home | News    Thursday 12 October 2017

Sudanese banks receive international transfers in U.S. Dollar: CBoS

separation
increase
decrease
separation
separation

October 11, 2017 (KHARTOUM) - The Central Bank of Sudan (CBoS) on Wednesday said the Sudanese banks have actually begun to receive international transfers in U.S. dollar.

JPEG - 38.7 kb
U.S. Dollar bill

The U.S. Administration on Friday permanently lifted 20-year-old economic sanctions against Sudan citing positive actions on humanitarian access and counter-terrorism.

In a press release on Wednesday, the CBoS said money transfers in U.S. dollar started to flow from international banks to Sudanese banks following the lift of the trade sanctions.

According to the press release, two Sudanese banks on Tuesday have actually received international transfers from banks in the United States and Europe.

The permanent lifting of the sanctions ends a U.S. economic embargo on Sudan, removing longstanding restrictions on trade and financial transactions. It also permits U.S. companies to do business with oil and gas industries in Sudan.

Also, Sudan hopes its name would be removed from the U.S. list of states sponsor of terrorism. That designation carries its own penalties, including a ban on weapons sales and restrictions on U.S. assistance.

Sudan was placed on the terror list in 1993 over allegations it was harbouring Islamist militants working against regional and international targets.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 12 October 2017 08:47, by Resolution

    million congratulations to Sudanese they deserve it, they are the centre of hospitality in Africa compare to fake east African countries where we are recently attached our young nation to.

    repondre message

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


A shattered hope: Revisiting the horrors of Juba’s massacre 2018-02-24 19:52:46 By Duop Chak Wuol Sometimes it is better to immerse yourself in other’s experiences to get an understanding of your own imagination. It is not rational to conclude that what you imagine is (...)

“The Nile: Shared River, Collective Action” 2018-02-22 08:06:26 By Dr. Eng. Seleshi Bekele Ethiopia is hosting the 2018 Regional Nile Day Celebration in commemoration of the establishment of the Nile Basin Initiative (NBI) on February 22, 1999 in Dar es (...)

James Dak’s case:: Why death sentence should be canceled 2018-02-19 14:27:34 By Peter Gai Manyuon On Monday 12th of February 2018, a South Sudan court in Juba sentenced James Gatdet Dak to death by hanging, citing several provisions in the constitution as the basis upon (...)


MORE






Latest Press Releases


Petition for release of Agou John Wuoi from prison 2018-02-15 20:45:31 Open letter to South Sudan President Salva Kiir Your Excellency, Kindly please permit me to take this rare opportunity to appreciate you for every effort you have made toward making South Sudan (...)

AUHIP Communiqué on Sudan & SPLM-N talks for cessation of hostilities agreement 2018-02-05 13:04:16 African Union High-Level Implementation Panel for Sudan and South Sudan Joint Statement on Unilateral Ceasefire, Cessation of Hostilities and Completion of Negotiations 1) With the facilitation (...)

South Sudanese rights group call to release political detainees 2017-12-10 07:50:31 THE INTERNATIONAL HUMAN RIGHTS DAY: 10 DECEMBER 2017: SSHURSA CALLS ON ALL TO ACTION FOR SOUTH SUDANESE The 10 December usually marks the international human rights day. SSHURSA notes with (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.