Central Bank of Sudan tightens forex rules, orders data update

August 12, 2026 (KHARTOUM) – The Central Bank of Sudan has restricted commercial banks from purchasing export proceeds at their own declared exchange rates only for operations they directly funded, according to an official circular distributed on Wednesday.

For import transactions and all other export proceeds not financed by the individual bank, commercial institutions must continue using the central bank’s daily FX injection rate.

The measures, signed by Reserves and Gold Department officials Abubakar Hassan Abdallah and Mustafa Al-Jazouli Mohamed, form part of a broader effort to stabilize the national currency and streamline foreign exchange controls.

In a separate circular issued on Wednesday, the central bank gave commercial banks a two-month deadline, running from July 30 to September 30, to update all customer account details.

Accounts that fail to meet the deadline will be suspended and frozen, the central bank said, citing compliance with global regulations on anti-money laundering, counter-terrorism financing and proliferation financing.

The regulator also instructed banks to implement specialized monitoring systems capable of tracking account movements and detecting unusual financial activity at an early stage.