Foreign exchange trading in Sudan operates under strict regulatory oversight by the Central Bank of Sudan, which governs all foreign exchange activities through the Foreign Exchange Dealing Act. Carrying on foreign exchange business requires obtaining prior approval from the Central Bank, with licensing authority granted to the Governor or delegated officials (1). The regulatory framework mandates that exchange bureaus must be registered as companies and maintain minimum capital requirements of $300,000 paid-up capital for operations within Sudan.
The Central Bank of Sudan abandoned its managed float policy in March 2022 and allowed the Sudanese Pound to float against other currencies, enabling market forces to determine exchange rates. Foreign companies operating in Sudan require the Central Bank's permission to repatriate profits and foreign currency, though the Investment Act of 2013 enshrines the right to repatriate capital and profits for investors who opened investment accounts at the Central Bank before starting operations (2). The financial sector remains regulated under the Sudan Central Bank Act of 2002.
"The Central Bank of Sudan abandoned its managed float policy in March 2022 and allowed the Sudanese Pound to float against other currencies, allowing market forces to determine its value. The Central Bank has reversed stringent conversion and transfer policies in place under the CLTG and domestic businesses have so far been able to secure adequate hard currency to pay for imports and to facilitate foreign-currency transactions."
Licensed exchange bureaus in Sudan are permitted to engage in specific activities including buying and selling foreign exchange, trading travellers' cheques, and dealing in transfers after obtaining prior Central Bank approval. However, they are prohibited from accepting deposits, borrowing and extending finance, deferred dealings in foreign exchange, and opening customer accounts in foreign or local currency (1). The regulatory framework aims to maintain oversight of foreign exchange activities while supporting legitimate international trade and financial transactions within the country.
Source:
https://cbos.gov.sd/sites/default/files/Forex%20Bureaus.pdf
https://www.trade.gov/country-commercial-guides/sudan-trade-financing
Last updated: 15-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
