Sudan floats currency
Decision follows adoption of single unified exchange rate
The Central Bank of Sudan has liberalised the country’s currency markets, according to media reports.
The Sudan Tribune quoted a central bank notice directing commercial banks to “set foreign exchange rates based on supply and demand”. The move followed a decision by government economic authorities to unify various exchange rates, announced on March 6.
The decision to float the currency is closely tied to Sudan’s relationship with the International Monetary Fund and other creditors. Sudan’s
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