Operations
As far as the current state of the Sudanese banking and financial situation is concerned,the bank's "About Bank of Sudan" section states:
Since the beginning of the Three Year Economic Program (1990–1993), the Bank of Sudan has carried out policies that aim to revitalize the Sudanese economy, the last of which was the credit policy of 2000 which was based on the following:
- Emphasizing supply side measures and monetary stability better to utilize banking resources by stressing financing of priority economic priority sectors, and continuation of streamlining general supply policies.
- Continuation of the social support program for the benefit of the poor families in accordance with the national mobilization project for social security and for the improvement of productivity.
- Continuation of financing public corporations through the banks without recourse to the Bank of Sudan for direct financing.
- Allowing the commercial banks to offer financing in foreign exchange according to the regulations issued by the Bank of Sudan.
Read more about this topic: Bank Of Sudan
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