The Bank of Sudan abolishes the paper export system

Sudan Events – Rehab Abdullah

The Central Bank of Sudan canceled the temporary paper export system issued on May 22, 2023, and relaunched the electronic export system.
The Central Bank issued a decision to return to electronic procedures for incoming and outgoing, with the cancellation of paper procedures, provided that the decision takes effect from the date of (May 30), and directed the competent authorities to review all paper certifications that were issued during the period of cessation of electronic work.
The circular issued by the bank’s Foreign Exchange Department called on all banks to commit to applying procedures and controls on export operations by completing banking procedures for export operations by issuing electronic forms in accordance with the Policy Department Circular (2022/17) Export Controls and Procedures, as well as inventorying the paper export forms that have been issued. It was not shipped and re-issued electronically, while the original and copies of the paper forms re-issued electronically were kept for the purposes of review and inspection, along with an inventory of the proceeds of partially exploited exports and for the benefit of the Central Bank.
According to the circular circulated on Sunday, export form books that have not been used will be delivered to the Central Bank branches, and reviews of the paper export forms that are executed during the period of downtime of the electronic system are sent to the Foreign Exchange Department in the form of an “Excel” file therein.
The circular explained that the procedures for relaunching the electronic incoming and outgoing system come within the framework of restarting the banking systems and its efforts to recover the banking system and stabilize work in it.
The circular directed the customs authorities not to accept any paper export forms and to complete the export procedures in accordance with the policy management circular, to stop issuing paper export contracts and licenses from the Ministry of Commerce and to replace them electronically, and to enter the new prices of goods in the electronic export and import system in the event that the prices are updated.
He called on commercial banks to create an electronic import form corresponding to any paper form, and to receive the paper import form issued by the bank to its customers that were not submitted to the customs authorities, and to obtain an electronic one instead.
The circular stressed the need for customs authorities to commit to not accepting any paper import form after launching the electronic system.