mohsinmergani

بسم الله الرحمن الرحيم

The Main Objects of Central Bank Of Sudan
a. Issue currency of the types thereof, organize, control and supervise the same;
b. Issue monetary and financing policies,;
c. Organize banking business, monitor and supervise, strive to promote and develop and raise the efficiency thereof, in such way, as may achieve the balanced economic and social development;
d. Strive to achieve economic stability and the stability of the par value of the Sudanese Pound;
e. Act, in its capacity as the Government banker, as an advisor and agent thereof, in the monetary and financial affairs;
f. abide, in the discharge of the duties, achievement of the objects, exercise of the powers and supervision thereby, of the banking system, by the ordinances of the Islamic Sharia.
After concluding the Comprehensive Peace Agreement (CPA), the Central Bank of Sudan Act 2002 was amended in 2006, wherein the nature of the banking system, the Bank and its branches, the Act as follows :-
a. The banking system in Sudan consists of a dual banking system, Islamic in the North and conventional in the South.
b.The main headquarters of the Bank shall be in Khartoum and the Bank may establish branches or agencies inside Sudan and nominate foreign correspondents.
c. Bank of Southern Sudan (BOSS) shall be established to provide, in addition to its other functions, conventional banking services in Southern Sudan including licenses to the financial institutions according to the rules and regulations Of Central Bank of Sudan.
d. The bank shall have an independent corporate personality, perpetual succession, a common seal and may litigate in its own name.
Also There are an other responsibilities of the Bank as follows :-
a. Achieving stability of prices, maintaining stability of the exchange rate, efficiency of the banking system and issue of currency of the types thereof, organize, control and supervise the same;
b. Formulating and implementing monetary policy, depending on the first place on the market forces in such away to achieve the national objectives of the national macro economy in consultation with the Minister of Finance and National Economy;
c Organize banking business, monitor and supervise, strive to promote and develop and raise the efficiency thereof, in such way, as may achieve the balanced economic and social development;
d. Act, in its capacity as the Government banker, as an advisor and agent thereof, in the monetary and financial affairs;
e. Abide in the discharge of the duties, achievements of the objects, exercise of the powers and supervision thereby, of the banking system, by the ordinances of Islamic Sharia and the conventional banking customs;
Thank you for all
Mohsin mergani
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