Wednesday, December 28, 2011

Sudan asks to deal with China in yuan and pounds-cbank

photoKHARTOUM (Reuters) - Sudan is in talks with China to see if the two countries can do business in Sudanese pounds and Chinese yuan, rather than U.S. dollars, Sudan's central bank governor said on Wednesday. The Sudanese pound has weakened sharply against the dollar on the black market since South Sudan seceded in July, taking about three-quarters of the country's roughly 500,000 barrels per day of oil output - a major source of foreign currency. China has been a major investor in both African countries in areas including construction and oil. ...


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