Financial and Banking News
BUDGETS AND REVENUES
Sudan Introduces Parallel Exchange Rate
The Sudanese Government last week introduced a free foreign exchange systemwhich quoted the Sudanese Pound (S) 60% below its official rate. The freeexchange system is applicable to a list of activities including expatriateremittances, earnings of first class hotels, and 30% of the country's exports,as well as imports other than a list of 28 basic commodities including wheat,...