Sudan: Minister of Minerals, Governor of CBOs Announce New Policies for Purchase and Export of Gold

Khartoum — Minister of Minerals, Dr Ahmed Mohamed Al-Sadiq Al-Karuri unveiled adoption of new policies for gold purchase and export, accordingly companies are allowed to export 50% of their production and freely dealing with the revenues while selling the remaining 50% to the Central Bank of Sudan (CBOS).

The Minister said in press statements after extended meeting which was attended by the CBOS Governor, Hazim Abdul-Gadir, Chairman of Sudanese Businessmen, and Employers Federation (SBEF), Sa'aoud Al-Berair, Chairman of the Commerce Chamber, Yousif Ahmed Yousif and Chairman of the Goldsmith Union, Abdalla Al-Jak, that the new policies give companies operating in mining field bigger incentive for previous policies allowed the companies to export only 15 percent of production and selling the remaining 85% to the CBOS.

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