Alleastafrica
  • Home
  • HEADLINES
  • Sudan forms body of bankers and exchange bureaus to set daily exchange rate -cbank governor
HEADLINES LATEST NEWS SUDAN

Sudan forms body of bankers and exchange bureaus to set daily exchange rate -cbank governor

KHARTOUM,- Sudan will begin on Sunday using a body comprised of bankers and exchange bureaus to set its daily currency exchange rate, the central bank governor said.

The Sudanese pound is likely to lose value against the dollar initially, and later stabilise, Governor Mohamed Kheir al-Zubeir said.

The new exchange body will also set purchase price of gold to counter smuggling, Zubeir said.

By Reuters

Related posts

Judge puts off doctors’ union chiefs jail sentence, again

NewsDesk

Made in Rwanda: Volkswagen rolls first car off Kigali plant

Newsroom

Anger as rail construction begins in Nairobi National Park

Newsroom

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More