Sudan - Money

The Sudanese dinar has declined in value as a consequence of the civil war and political instability in the country. Until the late 1990s, the Sudanese pound (an old currency) was commonly used as well. In July 1999, the Sudanese Central Bank made the formal declaration that all dealings in the Sudanese pound should stop.

The Central Bank—Bank of Sudan—regulates the liquidity of other banks and governs the financial aspects of national development programs. The bank has 11 branches. Although the banking system has been centralized in the past, changes in the economic policy of the country has led some to expect that the banking sector will be liberalized in the future. There are 29 other banks in Sudan with a total of 671 offices.

Sudan has 1 stock exchange, the Khartoum Stock Exchange, which was started in 1994, even though plans for a Sudanese stock exchange began in 1962. The Khartoum Stock Exchange is one of the only stock exchanges to work under the rules of the Islamic Sharia. One of the primary objectives of the stock exchange is to promote savings and to infuse the private sector with the capital it needs to grow. There are 8 brokers for the stock exchange.

Also read article about Sudan from Wikipedia

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May 3, 2011 @ 5:05 am
This info is very good but it doesn't talk about wat the economy is lyk

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