VOL. XXXI

NO. 10

14-DECEMBER-1987

Financial and Banking News

BUDGETS AND REVENUES

Sudan Threatens Its Banks

Faced with a widespread black market in foreign currency, crippling foreigndebt, and dwindling revenues, the Sudanese government has stepped up itspressure on its commercial banks in recent days. On 29 November, the SudaneseFinance Minister, Mr. Bashir 'Umar, called a news conference to announce thatafter a two-year probe into the activities of the commercial banks, thegovernment had...