The Bank of Khartoum has rejected claims linking it to gold purchases or exports through the Strategic Commodities Portfolio.
In a statement, the bank said the Economic Emergency Committee’s recent decision on gold trade did not grant the portfolio—managed under the Central Bank of Sudan’s supervision—the authority to buy or export gold. It added that the Central Bank’s directive on the matter was clear and left no space for misinterpretation.
According to the bank, the portfolio has not engaged in gold transactions since its creation. Instead, it has relied on the Bank of Khartoum’s resources to import petroleum derivatives worth more than USD 1 billion, ensuring fuel supplies and helping stabilize the currency before the latest rise in the exchange rate.
The statement further underlined that the portfolio is neither owned nor monopolized by the Bank of Khartoum. It is chaired by the Central Bank and welcomes participation from other banks and investors, which the bank said guarantees openness and fairness.
The Bank of Khartoum also highlighted growing public trust reflected in deposit choices but noted that much of Sudan’s money still circulates outside the banking system. It urged stronger measures to attract deposits and appealed to the media to confirm facts before publishing, warning against the risks of misinformation to the country’s stability and economy.
