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 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


Reflections on the SPLM-Ns 2017-10-18 20:15:33 By Mohamed Yassin It is sad, weird and ugly that some comrades reduced the vision of the SPLM to the SPLM-N standing for North, as a compromise. Its adaptation, it was bitterly adopted in an (...)

Do we have leaders in South Sudan or murderers? 2017-10-15 04:13:20 By Peter Gai Manyuon According to different scholars globally, leadership style is the way a person uses power to lead other people. More so, scholars have also identified a variety of (...)

Accountability, National Dialogue, and Elections: Which one of them comes first? 2017-10-12 21:51:17 By Dr Lako Jada Kwajok Conflicts or wars are the offspring of failures to have constructive dialogues in resolving problems between parties. The parties could range from countries, groups of (...)


MORE






Latest Press Releases


Reactions to government agencies’ conspiracy against Greater Bor community 2017-10-08 07:54:31 October 7, 2017 A monkey business or a donkey business in the government of the republic of South Sudan against the citizens is unacceptable. Therefore, we as youth of Greater Bor in diaspora (...)

Amnesty calls to release Nubian activists detained over protest for cultural rights 2017-09-12 20:47:54 AMNESTY INTERNATIONAL PRESS RELEASE 12 September 2017 Egypt: Release 24 Nubian activists detained after protest calling for respect of their cultural rights Egyptian authorities should (...)

New group formed to gather Nuer in United States 2017-08-17 14:15:50 DECLARATION FOR THE FORMATION OF NUD TO BRING TOGETHER ALL NUER IN THE U.S.A Press Statement The Nuer Union For Development (NUD) The United State of America The State of Nebraska August 15, (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.