Exchange Rates

The foreign exchange control is administered by the Central Bank with the assistance of authorized commercial banks and specialized banks. The dual exchange rate system has been eliminated and replaced by a unified official exchange rate determined in the Interbank market.

The central bank operates a tightly managed float of the Sudanese Dinar against the US dollar. In mid 1999 the Dinar was set at SD257: US$1 and a de facto peg to the US Dollar has emerged at approximately SD 259: US$1- a policy that is expected to continue as the government seeks to maintain price stability. The currency is likely to appreciate slightly in nominal terms in 2004 as the Dollar weakens with this scenario reversing in 2005

There are no restrictions for the import and Export of foreign currencies if they are declared. However, import of local currency is prohibited.