March 21, 2019 / 2:58 PM / 3 months ago

Sudan's Bashir bans hoarding and speculation on Sudanese pound - presidency

KHARTOUM, March 21 (Reuters) - Sudan’s President Omar al-Bashir banned hoarding of the Sudanese pound and “speculation” on the currency, a presidency statement said on Thursday.

Individuals are not allowed to store more than 1 million Sudanese pounds ($21,000) outside the banking system, the statement said.

Entities are banned from storing more than 5 million Sudanese pounds, and are not allowed to store amounts “that are not commensurate with the scale of its activity”.

$1 = 47.4500 Sudanese pounds Reporting by Khalid Abdelaziz Writing by Yousef Saba; Editing by Toby Chopra

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