Middle East Economic Survey

VOL. LIV

No 41

10-Oct-2011

Sudan

Sudan Faces Severe Foreign Exchange Shortage

The Central Bank of Sudan (CBS) has asked all exporters to surrender the foreign exchange earned from their exports to the monetary authorities within a period of three months rather than six months, because of the severe foreign exchange shortage Sudan is facing after the loss of 75% of its oil revenue with the secession of South Sudan in July. The shortage of foreign exchange has led...