Insurance to compensate for business interruptions, particularly when those stoppages affect the hard currencies
of the venture, is not readily available in China on a cost-effective basis.
That being said, the launch of this market was a step in the right direction and signals the possibility of the CBI recognizing the free market rate of hard currencies
in the near future, which would result in allowing banks and exchange houses to restart their trade of currencies at the market rate.
He pointed out that banks were directed to fund real estates for expatriates to attract more hard currencies
and stabilize the exchange rate.
He cited, as an example, the South Sudanese government which largely depends on oil exports as its only source of hard currencies
Khartoum, Feb.1(SUNA)-President of the Republic, Field Marshal Omer Al-Bashir was informed on plan pf the Central Bank of Sudan(CBOS) to provide hard currencies
for import of basic commodities .
The source said that the arrests that took place during the last two days were carried out by the National Intelligence and Security Forces (NISS) whose agents also confiscated all the hard currencies
found in the possession of the detainees.
Over the past decade, Iran's Central Bank, which channels more than 90 per cent of hard currency into the local market, has employed a managed float system to support a single rate against hard currencies
, notably the US Dollar.
Khartoum, 20 Nov (SUNA) - The Government on Monday warned that legal measures and direct charges of sabotage of national economy, terrorism funding, and money laundry would be taken against those involved in hard currencies
black market, no matter what their positions.
He said measures would be taken later to besiege brokerage in hard currencies
saying that central bank would take a number of measures to organize the export and import operation in accordance with new management and new bases for the exchange rate, all on time.
The Minister further added that policies of organizing the market of hard currency and rationalization of demand for hard currencies
will go on , expecting that effect of restoration of equilibrium to the balance of trade will appear during the first quarter of the 2016 fiscal year.