The Central Bank of Sudan is Sudan's central bank, established on February 22, 1960, four years after independence, building on the Sudan Currency Board created in 1957 and formed by nationalizing the National Bank of Egypt's Sudanese operations; it is headquartered on Al Jamhoria Street in Khartoum. Wholly state-owned, it mints coins, issues banknotes, and manages the Sudanese pound, and it has fostered Islamic banking practices since Sudan's adoption of Islamic law in 1984, replacing treasury bills and government bonds with Sharia-compliant financial certificates.
Facts
Founding YearSourced to the subject's own account HeadquartersSourced to the subject's own account Classification
Institution SubtypeSourced to the subject's own account Geography
Country or Jurisdiction ServedSourced to the subject's own account In the Other Atlases
- Also in Geography Atlas: Khartoum, located there.
Sources
1. Central Bank of Sudan (Wikipedia)
Wikipedialead section
The bank was formed in 1960, four years after Sudan's independence.
lead section, founding sentence
The bank was formed in 1960, four years after Sudan's independence.
lead section, location sentence
It is located in the capital Khartoum.
Introduction, institution-subtype
The Central Bank of Sudan is Sudan's central bank, established on February 22, 1960, four years after independence, building on the Sudan Currency Board created in 1957 and formed by nationalizing the National Bank of Egypt's Sudanese operations; it is headquartered on Al Jamhoria Street in Khartoum.
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