Tuesday, June 5, 2007

Sudan restricts foreign currency transactions

(Reuters) - Sudan's central bank said on Monday it had imposed restrictions on foreign currency transactions, a move money traders said would harm their businesses and create a black market.

The new regulations, from which foreigners and foreign organisations are exempt, prevent Sudanese from buying foreign currencies from money exchanges for imports or to credit personal accounts in Sudan. They also limit Sudanese usage of foreign currency unless those monies have been transferred from outside the country.


Read more at Reuters Africa

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