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Sudan central bank evaluates foreign exchange interventions amid remittance losses
The Bank of Sudan is evaluating its recent interventions aimed at increasing the supply of foreign currency and stabilizing the exchange rate. Following a period of intense activity in June 2026, the Central Bank held a coordination meeting with commercial bank managers to assess efforts to provide resources for essential and strategic imports.
The Central Bank has expressed its commitment to maintaining market balance and ensuring the availability of necessary goods to help stabilize prices for consumers. It has also urged commercial banks to strictly adhere to regulations regarding import and export operations to ensure the integrity of the banking system.
Concurrently, Sudan faces significant economic challenges, with experts reporting annual losses of between $4 billion and $6 billion due to a decline in official expatriate remittances. This decline, which has exceeded 70%, is attributed to the widening gap between official and parallel exchange rates and a lack of confidence in the local currency. In the parallel market, the US dollar has reached historical highs, trading around 6,200 Sudanese pounds.
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Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Sudan loses between $4 billion and $6 billion annually due to a decline in official expatriate remittances. www.alaraby.co.uk
- [○ 1 SOURCE] The Central Bank of Sudan will continue providing resources for strategic and essential goods to stabilize supplies. sudantribune.net
- [○ 1 SOURCE] The US dollar reached a historical high of 6,200 Sudanese pounds in the parallel market. www.alaraby.co.uk
- [○ 1 SOURCE] The decline in remittances through official channels has exceeded 70%. www.alaraby.co.uk
- [○ 1 SOURCE] The Central Bank of Sudan is evaluating its interventions to increase foreign currency supply and balance the market. sudantribune.net