Ministry of Finance Sudan Overview
The Ministry of Finance Sudan or The Ministry of Finance and National Economy of Sudan oversees the management and direction of the national economy. The Ministry of Finance and National Economy of Sudan is supposed to help Sudan achieve its financial goals.
The Ministry of Finance and National Economy of Sudan Functions and Responsibilities
The Ministry of Finance and National Economy of Sudan performs various functions, that are related to its responsibilities as a regulator of the Sudanese economy.
They may be enumerated as below:
External Finance and Economic Cooperation
Overall Functions
Financial Management
Management of National Economy
Financial and Accounting Control
Financial and Economic Planning
The Ministry of Finance and National Economy of Sudan Government Musharaka Certificates
The Government Musharaka Certificates are issued by The Ministry of Finance and National Economy of Sudan. These are basically securities. The Government Musharaka Certificates are basically, the capital shares of the most productive and effective of the productive units in Sudan.
The Government Musharaka Certificates are developed in keeping with the principles of the Sharia.
The main objectives of these securities are as follows:
Managing Liquidity
Securing Real Resources for the General Budget
Encouraging Private Savings and Investments
The Sudan Financial Services Company Ltd sells the Government Musharaka Certificates in the Khartoum Stock Exchange Market. The Government Musharaka Certificates are sold through open auctions.
The following table provides the rates and term periods of the different versions of the Government Musharaka Certificates:
| Price | Term Period |
|---|---|
| SD 500,000 | 12 months |
| Between SD 50,000 and SD 500,000, or SD 100,000 and SD 200,000 | Ranging between 3,6,9, 12 months |
Last Updated on : 1st August 2013
