Khartoum – OnePress
The Central Bank of Sudan has issued new regulations to regulate the import of petroleum derivatives, requiring companies wishing to obtain a no objection certificate for the import of fuel to deposit at least 200 kilograms of 21-carat gold with the Sudan Gold Refinery.
The bank pointed out that the move comes within the framework of enhancing foreign exchange resources and providing a real cover for imports, supporting the stability of the fuel market and foreign currencies. Under the new regulations, a no objection certificate will not be issued to any company until the deposit requirement is met in accordance with the procedures governing the refinery and the competent authorities.
The decision comes as part of a package of government policies aimed at tightening control over the import of petroleum derivatives and reducing speculation in the foreign exchange market, which contributes to securing oil supplies and maintaining price stability.
The decision is expected to spark wide interactions in the economic and business sectors, in light of the challenges associated with financing imports and securing strategic goods during the current phase.