While some South Sudanese experts recommend the government adopt a new economic system used by developing states to cut off black market currency exchange and stabilize skyrocketing prices, a new U.N. panel report says the real problem in South Sudan is deeply entrenched government corruption. South Sudan should switch to a developmental state economic system under which the government could control prices, the black-market foreign exchange rate, and the flow…
The Central Bank of Kuwait (CBK) announced the most recent issues of CBK Bonds and related Tawarruq at a total value of KWD (200) millions for (3) months with Rate of Return (1.250%). Source: Ministry of Central Bank
In its meeting with the local banks, CBK underlines the importance of developing job opportunities for national talent in the banking sector. Source: Ministry of Central Bank
Today, the United States imposed economic sanctions on Nabah Ltd., a company owned or controlled by Ashraf Seed Ahmed Al-Cardinal. Al-Cardinal is a Sudanese businessman previously designated for his role in corruption connected to the South Sudanese government. Al-Cardinal was designated for engaging in corruption, including participating in bribery, kickbacks, and procurement fraud involving senior South Sudanese government officials. He and his companies act as intermediaries for depositing and…
The Central Bank of Kuwait (CBK) announced the most recent issues of CBK Bonds and related Tawarruq at a total value of KWD (290) millions for (3) months with Rate of Return (1.250%). Source: Ministry of Central Bank
South Sudan's central bank said Friday that it planned to ban the use of foreign currency nationwide to prevent further depreciation of the South Sudanese pound against the U.S. dollar after prices of food and other basic commodities have skyrocketed in recent weeks and months. Juba resident Saida Juan said prices were higher each time she headed to the market. The mother of seven said a kilo of meat, which sold for 700 South Sudanese…
(KHARTOUM) - The Sudanese government declared a state of "economic emergency" in the country in an attempt to control a vertiginous fall for the Sudanese pound and the unprecedented inflation in the country. In a press conference attended by the information and justice ministers as well and senior officials of security, police and Rapid Support Forces, the Finance Minister Heba Mohamed Ali declared "the state of economic emergency and establishment…
His Excellency, the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced the publication of CBK’s 48th Annual Report for Fiscal Year (FY) 2019/20, including the audited financial statements (the Balance Sheet and Profit and Loss Account) of the CBK for the FY ended 31st March 2020. The report also comprises the key developments in the main monetary aggregates and banking indicators, the Kuwaiti Dinar (KD)…
