Sudan announces emergency measures to restrict forex outflows

Tuesday, November 21, 2017 — updated on December 27, 2020 - 1 min read

A Sudanese man pays for fuel after filling his vehicle at a petrol station in the capital Khartoum on June 21, 2012. FILE PHOTO | AFP

What you need to know:

As part of the new measures state companies will temporarily be unable to request hard currency.
A ceiling will also be placed on foreign currency transfers, Finance Minister Mohamed Othman Rukabi said on Monday.

Khartoum

Sudan announced a raft of emergency measures on Monday aimed at reducing the outflow of foreign currency from its banking system.

The move is aimed at stabilising its pound currency after it weakened sharply in recent weeks amid a shortage of dollars.

As part of the new measures state companies will temporarily be unable to request hard currency.

A ceiling will also be placed on foreign currency transfers, Finance Minister Mohamed Othman Rukabi said on Monday.

Note: The results are not exact but very close to the actual.