SUDAN NEWS ALERT: Radio Dabanga - Central Bank of Sudan faces 'structural changes'

2/1/2020: Radio Dabanga - Central Bank of Sudan faces 'structural changes'

Radio Dabanga reports that Central Bank of Sudan (CBoS) is to undergo structural changes to bring it in line with the international banking system, but will not change the Sudanese currency at this time.

CBoS director Badreldin Ibrahim also said that staff appointments will be endorsed by a “transparent” selection committee, which never occurred during al-Bashir’s regime. In addition, a law will be passed to restructure the bank, under the supervision of the World Bank.

Ibrahim further added that Sudan’s liquidity problems have been “completely solved,” and revealed plans merge and recapitalise Sudanese banks, explaining that the new policies of the bank are based on the global policies of banks.