Sudan Dissolves Central Bank Board

Arab World

February 7th, 9:58am

Asharq Al-Awsat

Sudanese people celebrate after the signing of an agreement to dissolve the former ruling National Congress Party (NCP) membership from the Registrar of the Sudanese Party Organizations, in Khartoum, Sudan, 30 November 2019. EPA

A Sudanese legal committee dissolved the boards of the country's central bank and 11 other state-owned banks under a law that aims to dismantle the regime of the toppled president Omar al-Bashir, the committee said on Thursday. In November Sudan passed a law to dismantle the system built by Bashir, who stayed in power for nearly three decades. Managers of eight of the banks were also fired, the Empowerment Removal Committee said. It also said it has dissolved the boards of nine government companies and institutions, and that it will appoint commissioners to run two private newspapers whose assets were frozen last month. Meanwhile, Badr Eldin Abdelrahim, the central bank governor, remains in his post and new boards will replace the dissolved ones soon, Reuters cited a committee member. Last month, the legal committee formed to apply the law seized the assets of Bashir's now dissolved National Congress Party.

from Asharq AL-awsat https://aawsat.com/english/home/article/2119871/sudan-dissolves-central-bank-board