(MENAFN- Kuwait News Agency (KUNA)) KHARTOUM, June 2 (KUNA) -- The Sudan and Turkey are to study settling bilateral trade exchange in local currencies, the Central Bank of Sudan (CBS) said on Saturday.
CBS Governor Hazem Abdul-Kader and Turkish counterpart Murat Cetinkaya have agreed on the issue, the CBS said in a statement.
According to the CBS, more Turkish banks are posed to open branches in Khartoum in the near future, which will help Turkish investors in Sudan to enhance investments there, and in the meantime streamline transfer of profits.
This is an incentive for the private sector in both countries to increase joint investments and partnerships.
During Turkish President Recep Tayyip Erdogan to Khartoum late in 2017, the two countries agreed to raise trade exchange to USD 1 in 2018, hoping it will jump to USD 10 billion over the coming years. (end) mmm.msa
MENAFN0206201800710000ID1096950693
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.