Sudan's central bank to auction $40 mln in foreign currency on May 26
KHARTOUM, May 23 (Reuters) - Sudan's central bank said on Sunday it would auction $40 million in foreign currency on May 26 in the first event of its kind following a sharp devaluation of its pound in February.
The central bank announced last week that it was launching a system of foreign currency auctions for importers as part of its managed floatation of the Sudanese pound.
(Reporting by Khalid Abdelaziz, Writing by Aidan Lewis; editing by Emelia Sithole-Matarise)
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