Policies Administration Circular No. 4/2025: Procedures for Service Export Controls

In the name of Allah, the Most Gracious, the Most Merciful Central Bank of Sudan Central Bank of Sudan

General Administration for Policies, Research and Statistics

Date: 21 Rajab 1446 AH
Corresponding to: 21 January 2025 AD
Central Bank of Sudan – Khartoum
General Administration for Policies, Research and Statistics Policies Administration Circular No. (4/2025) Addressed to all banks and relevant entities

Subject: Procedures for Service Export Controls

Pursuant to the powers of the Governor of the Central Bank of Sudan under the Currency Dealing Regulation Act of 1981 and Article (20) of the Currency Dealing Regulation Regulations of 2013, the Central Bank affirms the continuation of the exchange rate liberalization policy for the purpose of regulating the foreign exchange market and consequently dealing in foreign exchange for all local and foreign entities that provide services in return for earning revenue in foreign currency, directly or indirectly. For the purpose of providing more flexibility in the uses of foreign exchange resources of those entities, the following has been decided:

First/ Cancellation of Policies Administration Circular No. 20/2022 issued on 9 March 2022 concerning procedures for service export controls, provided that all circulars cancelled by this circular shall remain cancelled.

Second/ The following definitions and controls shall apply to the foreign exchange accounts of service-exporting entities:

1- Definition of service-exporting entities:

They mean individuals, companies, companies, companies, companies and business names registered in Sudan and owned by Sudanese or foreigners who provide their services to foreigners under contracts that obligate payment in foreign currency, and include the following entities:

Companies operating in the field of air, land, sea or river transport:

They mean companies that operate in the field of air, land, sea or river transport.

Agents of air, land, sea or river transport:

They mean service companies and institutions that contract with companies operating in the field of air, land, sea or river transport under agency contracts.

Insurance companies:

They mean local companies operating in the field of insurance and reinsurance that provide their services to foreigners or receive compensation in foreign currency.

Educational institutions:

They mean schools, universities, higher institutes and their affiliated colleges, and scientific research bodies and centres.

Our vision: To be among the leading central banks at the regional and international levels in maintaining monetary and financial stability in a way that contributes to achieving sustainable economic growth and enhances global confidence in our banking credibility.

e- Therapeutic institutions:

They mean hospitals and local therapeutic service centres.

f- Hotels and entities operating in tourism activities:

They mean hotels, hotel apartments and entities operating in tourism activities.

g- Local contractors and consultants:

They mean any natural or legal person who has a contract in foreign currency with a foreign entity for a specified period of time and receives contract revenues in foreign currency, including work in the field of transit trade.

h- Subcontractors:

They mean any entity that contracts as a subcontractor with a foreign contractor under a contract concluded for a specified period of time.

i- Telecommunications companies:

They mean companies that provide telecommunications services to foreign entities.

j- Local voluntary and charitable organizations:

They mean any Sudanese voluntary or charitable organization working in the field of voluntary, humanitarian or charitable work and receiving funds from individuals, organizations or foreign entities.

k- Government institutions and bodies that provide services in foreign currency:

They mean any government institution that provides services to foreigners.

2- Account opening controls:

Banks are permitted to open foreign currency office accounts called service export accounts for the service-exporting entities defined in item (Second-1) above, without referring to the Central Bank of Sudan, in accordance with the following controls:

a- General controls:

I. The client's request to open an account according to the form determined by the bank.

II. An identity document for natural persons including the national number of the account owner, in addition to the full address, telephone number and nature of work.

III. The affiliation code.

IV. A registration certificate from the Registrar General of Companies or the Registrar of Business Names for legal persons.

V. Approval of the competent or served entity to confirm the persons authorized to manage the accounts.

b- Special controls:

I. A copy of the agent's licence issued by the competent technical authority for agents of air, land, sea and river transport.

II. A valid registration certificate issued by the competent government authorities for voluntary and charitable organizations.

III. Approval of the Ministry of Higher Education or the Ministry of Education for educational institutions.

IV. Approval of the Ministry of Health for therapeutic institutions.

V. A copy of the contract signed with the foreign entity in the case of local contractors and subcontractors.

VI. The telecommunications company licence issued by the Telecommunications and Postal Regulatory Authority for telecommunications companies.

VII. The contract signed between the agent and the shipping lines or an approved SWIFT message for shipping agents.

VIII. A copy of the insurance company licence issued by the National Insurance Regulatory Authority for insurance companies.

IX. A licence to practise the profession from the government authority competent for the regulation and supervision of tourism for hotels and entities operating in the field of tourism.

Our vision: To be among the leading central banks at the regional and international levels in maintaining monetary and financial stability in a way that contributes to achieving sustainable economic growth and enhances global confidence in our banking credibility.

3- Account funding controls:

The accounts are credited with foreign exchange for service-exporting entities as follows:

Transfers from abroad.

Covered cheques drawn on local private accounts against services in foreign exchange.

The value of proceeds of services provided to ships and foreign airline companies that are paid in foreign exchange by all means of payment, including cash payment and international electronic payment cards such as Visa, Mastercard and others.

The value of proceeds of services provided by government entities and institutions to foreigners that are paid in foreign exchange by all means of payment, including cash payment and international electronic payment cards such as Visa, Mastercard and others.

The value of proceeds of hotel services and entities operating in tourism activities provided to foreign clients that are paid in foreign exchange by all means of payment, including cash payment or by virtue of international electronic payment cards such as Visa card, Mastercard and others.

Fees of foreign students that are paid in foreign exchange by all means of payment, including cash payment or by virtue of international electronic payment cards such as Visa, Mastercard and others.

The value of proceeds of therapeutic service fees provided to foreigners that are paid in foreign exchange by all means of payment, including cash payment or by virtue of international electronic payment cards such as Visa, Mastercard and others.

The value of proceeds of insurance premiums that are paid in foreign exchange.

The value of proceeds of compensation received in foreign exchange from reinsurers abroad.

4- Controls on the use of accounts:

It is permitted to utilize 100% of foreign exchange proceeds by service-exporting entities for the following purposes:

I. Importing the needs related to the licensed activity in accordance with the regulating controls.

II. Sale to the bank executing the transaction or any other bank.

III. Payment of salaries for workers and foreign experts after presenting the residence permit, work permit and a contract approved by the competent authorities.

IV. Payment of training and external consultancy fees and any contracts under the contract concluded in foreign exchange between the service-exporting entity and any external party.

V. Payment of the value of travel tickets in foreign exchange for embassies and foreign organizations to airlines operating in the country, in respect of travel and tourism agencies.

VI. Cash withdrawal for natural persons, in addition to the uses set out in Policies Administration Circular No. 2022/19 issued on 9 March 2022 concerning the controls for regulating free foreign exchange accounts.

VII. Payment of transit fees (transit trade) of the Ministry of Trade and Supply.

VIII. Payment of insurance premiums in foreign exchange to reinsurers abroad.

IX. Payment of compensation in foreign exchange to the insured.

If the client wishes to sell to banks, the purchase shall be made at 70% for the benefit of the Central Bank of Sudan, to be added to its accounts abroad in accordance with its directives, and 30% for the benefit of the bank.

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[رؤيتنا :] To be among the leading central banks at the regional and international levels in maintaining monetary and financial stability in a way that contributes to achieving sustainable economic growth and enhances global confidence in our banking credibility.

Thirdly/ General controls:

Banks must comply with the following:

1- Retain the proceeds of service-exporting entities in their export accounts for a maximum period of 21 working days from the date of their addition to the account by the bank. If the specified period for the proceeds to remain in the export account is exceeded, they shall be purchased for the benefit of the Central Bank of Sudan at the bank's declared purchase price on the date of addition to the services export account, provided that they are added to the Central Bank of Sudan's accounts designated by it with its correspondents abroad in accordance with its directives. Excluded from this are the accounts of educational and health institutions for the purposes of paying the salaries of workers and foreign experts.

2- Satisfying the requirements of Know Your Customer (KYC) and the controls and the law on combating money laundering, terrorism financing and the prevention of the proliferation of weapons (AML/CFT) and the United States Foreign Account Tax Compliance Act (FATCA) when opening and managing accounts.

3- Retaining the documents relating to the opening of accounts in the client's file.

4- Notifying the exporting entity of the arrival of the proceeds of the service contract immediately upon receipt.

5- Providing the Central Bank of Sudan with a monthly review of the resources and uses of services exports in accordance with the attached form.

This circular shall enter into force as of its date, taking into account that it shall be circulated to all your operating branches, and banks must comply with documenting their own status and the status of the entities dealing with them in accordance with the provisions of this circular and the provisions of the regulating laws and regulations.

c/o Central Bank of Sudan
Insartaj Al-Sir Ahmed
Thuraya Abdullah Yabakr
Policies Administration
General Administration for Policies, Research and Statistics

[رؤيتنا :] To be among the leading central banks at the regional and international levels in maintaining monetary and financial stability in a way that contributes to achieving sustainable economic growth and enhances global confidence in our banking credibility.

Form for the monthly review of the resources and uses of services exports

Resources	Amount	Uses	Amount
Transfers from abroad.		Importing the needs related to the licensed activity.
Covered cheques drawn on local private accounts against services in foreign exchange.		Sale to the bank executing the transaction or any other bank.
Proceeds of services provided to ships and foreign airline companies that are paid in foreign exchange.		Payment of salaries for workers and foreign experts.
The value of proceeds of services provided by government entities and institutions to foreigners that are paid in foreign exchange		Payment of training and external consultancy fees and any contracts under the contract concluded in foreign exchange.
Proceeds of hotel services and entities operating in tourism activities provided to foreign clients that are paid in foreign exchange		Payment of the value of travel tickets in foreign exchange for embassies and foreign organizations to airlines operating.
Proceeds of therapeutic service fees provided to foreigners that are paid in foreign exchange		Cash withdrawal.

	Payment of transit fees (transit trade) of the Ministry of Trade and Supply.		Proceeds of insurance premiums that are paid in foreign exchange.
	Payment of insurance installments in foreign cash to reinsurers abroad.		Proceeds of compensation received in foreign cash from reinsurers abroad.
	Payment of compensation in foreign cash to the insured.

Central Bank of Sudan
General Administration for Accounts, Research and Statistics