CBOS Issues New Circular on the Evaluation of Assets and Liabilities in Foreign Currency

Khartoum - The Central Bank of Sudan (CBOS) issued a circular last Thursday to all banks on the evaluation of assets and liabilities in foreign currency within its efforts to absorb the impacts of changes in the exchange rate of the national currency against foreign currencies. The circular shall be into effect as of the end of July.
CBOS directed the banks to evaluate the assets and liabilities in foreign currency using the average rate for selling and buying declared by the Bank and determined according to the Circular of the Administration of policies No. (10/2012) dated 24/6/2012.