Sudan’s finance ministry said on Monday it had approved the establishment of stock exchanges for gold, minerals and agricultural commodities.
The decision was taken after a board meeting of the Financial Markets Regulatory Authority, which will grant financial licenses and play an important role following Sudan’s removal from the United States’ list of state sponsors of terrorism, a ministry statement said.
US Secretary of State Mike Pompeo on Monday said Washington has now officially removed Sudan from the list.
The decision could help the African country get international loans to revive its battered economy and end its pariah status.
The designation of Sudan as a state sponsor of terrorism dates back to the 1990s, when Sudan briefly hosted al-Qaeda leader Osama bin Laden and other wanted militants.
