Jumat, 24 April 2009

Changes in foreign exchange ..... The commercial sector yelling

The amendments to the Central Bank of Sudan in the controls and procedures for foreign exchange Babavat, in the publication issued yesterday. And select the publication for years would be allowed to sell foreign exchange to customers, whether in cash or a transfer or check.

The purposes of travel abroad, not to exceed three thousand euros, or the equivalent in other currencies free, treatment, school fees for overseas students, fees for participation in conferences, symposia, and scientific journals Asamnarat, registration fees and contributions to the attainment of Fellowship certificates and diplomas in professional and scientific institutions abroad , the fees for registering patents, trademarks fees, salaries of foreign experts and workers within the country, transfers of rations for students and families living outside the limits of thousand euros or the equivalent of the process in one day and the Hajj and Umrah according to the regulations announced in each season. The publication ban on the transfer or exchange firms, the export of currency paper for the purpose of feeding the foreign currency accounts abroad. And handed over to give the value of transfers to beneficiaries of the Sudanese pound only. And kept the controls the other publication as is.

Condition and highlight the central bank official has confirmed the validity of the documents mentioned purposes. In the case of travel required to provide a request with valid exit visa and ticket. In the case of treatment to provide a certificate from the Enhanced Medical Aalghemcin a message from the Ministry of Foreign Affairs, stating the cost of treatment abroad on the question, in addition to the visa and ticket. The request for conversion of tuition fees is provided with the documents that specify the amount to be converted to be issued by the educational institutions abroad and authenticated by the Ministry of Higher Education. With regard to charges of conferences and symposia, provide supporting evidence for this, showing the amount requested. The same applies to registration fees, subscriptions and examinations to obtain certificates and certificates of the fellowship of other scientific and professional institutions abroad. The registration fees for patents abroad is required to obtain a certificate of registration to highlight the trade of the Registrar General and the Attorney General. Trademark fees and royalties and provides a copy of the certificate of registration established by the concessionaire has the right or use the trademark and a copy of the contract signed between the two, with a request that defines the amount to be transferred. The salaries of foreign experts and workers are required to provide a copy of the employment contract and work permit from the office of external use, and a copy of a valid residence transfers .. The rations for students and families living abroad can not only be done after the application explains the purpose and address of the consignee and the consignee in full.

Amendments and the reasons for that source said the central bank aimed to organize the work of bureaux de change in the context of the ongoing review of policies and controls and procedures relating to the work of exchange companies, in order to activate the functioning of the foreign exchange market and to maintain stability in the market and upgrade the performance in general, and the payment of exchange firms to do its part in the natural market foreign exchange, and addressed to the track, pointing out that speculation in the dollar exchange rate the last few days was the reason behind the high prices of the dollar. He denied that there is a scarcity of foreign exchange to the Central Bank, saying that the Central Bank has pumped liquidity into double EXCHANGERS, the source pointed out that there is the category of attempted exploitation of the political situation and the spreading rumors to serve their own purposes.

However, the tax expert and financial Abdalsid Rahman warned of a setback for the business through this publication, pointing out that it is working to increase the problem of the scarcity of foreign exchange before the business sector and pointed out that there are problems in the clearance of goods imported to the lack of foreign exchange to the traders, adding that the publication the central bank may act to disrupt the general imports in addition to the fact that this will increase the prices of commodities which affects the final consumer. The Abdalsid that there is pressure exerted on the commercial sector through taxes, which reached nearly 22% of the value of the invoice; the value of non-tariff on some goods.

And go in the same direction and working in the import source accounting publication that the central bank may act to disrupt the movement of commercial markets, pointing out that there are problems in the opening credits in foreign currency by banks to justify the central bank may rely on you to bring in their foreign exchange at the time of the Atemtlk banks, sufficient resources to attract foreign exchange, saying it depends on the central bank to cover their needs.

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