CBOS: We aim at Reducing inflation rate to 25%

The Central Bank of Sudan revealed the most important axes of monetary policies for the fiscal year 2023 AD.
The bank stated that the monetary policy aims to achieve monetary stability, contribute to achieving financial stability, and enhance financial inclusion, in addition to encouraging green financing.
The Central Bank said that its policies aim to stabilize the general level of prices and reduce inflation rate to 25% by the end of the year by targeting a growth in the monetary base at a rate of 27% and a growth in the money supply at a rate of 28% by the end of the year 2023 while working on flexibility and stability of the exchange rate and continuing to unify the foreign exchange market.
The Central Bank prohibited banks from financing trading in foreign currencies, buying financial stocks, and paying existing or defaulting financing operations.
In addition to preventing trading in telecom balance and its uses, buying real estate and lands other than those permitted in accordance with the regulatory controls, and buying gold and its violations.
The new monetary policy prohibited imports, except for agricultural production inputs, both of its plant, animal prongs and industrial, strategic commodities, machinery and equipment of artisans and professionals.