Sudan Interest Rate

The benchmark interest rate in Sudan was last recorded at 12 percent. Interest Rate in Sudan is reported by the Central Bank of Sudan. Interest Rate in Sudan averaged 11.55 Percent from 2003 until 2013, reaching an all time high of 17.30 Percent in October of 2003 and a record low of 9.30 Percent in May of 2010. In Sudan, there is no official central bank interest rate in order to ensure compatibility of financial practices with Islamic principles. Yet, the Murabaha Profits Margin Rate controlled by the Central Bank of Sudan is widely used by the Sudanese banks. This page provides - Sudan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
12.00 10.60 17.30 9.30 11.25 | 2014/06 2003 - 2013 Percent Monthly

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Sudan Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Money Supply M1 34035.00 2013-09-30 34449.00 34580.00 2634.00 38986.57 2014-06-30 SDG Million [+]
Money Supply M2 64791.00 2013-09-30 64449.00 64791.00 4269.00 71988.88 2014-06-30 SDG Million [+]
Interest Rate 12.00 2013-12-31 10.60 17.30 9.30 11.25 2014-06-30 Percent [+]
[+]


Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Sudan Inflation Rate at 41.90 Percent  
The inflation rate in Sudan was recorded at 29.40 percent in September of 2013. Inflation Rate in Sudan is reported by the Sudan Central Bureau of Statistics.
Sudan Crude Oil Production at 342.00 Thousands Barrels per Day  
Crude Oil Production in Sudan increased to 342 Thousands Barrels per Day in October of 2013 from 317 Thousands Barrels per Day in September of 2013. Crude Oil Production in Sudan is reported by the U.S. Energy Information Administration.
Sudan Consumer Price Index (CPI) at 330.20 Index Points  
Consumer Price Index (CPI) in Sudan increased to 330.20 Index Points in September of 2013 from 315.70 Index Points in August of 2013. Consumer Price Index (CPI) in Sudan is reported by the Sudan Central Bureau of Statistics.
Sudan Balance of Trade at -299771.00 USD Thousand  
Sudan recorded a trade deficit of 299771 USD Thousand in December of 2013. Balance of Trade in Sudan is reported by the Central Bank of Sudan.
Sudan Current Account at -953.10 USD Million  
Sudan recorded a Current Account deficit of 953.10 USD Million in the fourth quarter of 2013. Current Account in Sudan is reported by the Central Bank of Sudan.
Sudan Exports at 731811.00 USD Thousand  
Exports in Sudan increased to 731811 USD Thousand in December of 2013 from 617578 USD Thousand in November of 2013. Exports in Sudan is reported by the Central Bank of Sudan.
Sudan Imports at 1031582.00 USD Thousand  
Imports in Sudan increased to 1031582 USD Thousand in December of 2013 from 700122 USD Thousand in November of 2013. Imports in Sudan is reported by the Central Bank of Sudan.
Sudan Interest Rate at 12.00 Percent  
The benchmark interest rate in Sudan was last recorded at 12 percent. Interest Rate in Sudan is reported by the Central Bank of Sudan.
Sudan Personal Income Tax Rate at 15.00 percent  
The Personal Income Tax Rate in Sudan stands at 15 percent. Personal Income Tax Rate in Sudan is reported by the Sudan Chamber of Taxation.
Sudan Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Sudan stands at 35 percent. Corporate Tax Rate in Sudan is reported by the Sudan Chamber of Taxation.
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