In April 2023, the Central Bank's headquarters was destroyed during the Sudanese civil war (2023-present).

A 3-man commission of experts from the United States's Federal Reserve, worked with Sudanese government and finance specialists to create the Law of the Bank of Sudan for 1959, and in 1960 the Bank of Sudan began operations.

In 1993 the government established the Sharia High Supervisory Board (SHSB) to ensure compatibility of financial practices with Islamic principles.

In compliance with the SHSB, the government is no longer selling treasury bills and government bonds; instead, the Bank sells "Financial Certificates" that comply with Islamic financial principles.

In 2006, Dubai-based Emaar Properties and Amlak Finance acquired a 60% stake in Sudan’s El Nilein Industrial Development Bank; the Bank of Sudan retained a 40% stake.

[13][14] Furthermore, a rocket attack was carried out at a branch of the Central Bank in Khartoum by the Rapid Support Forces,[15] on 30 April 2023 during the conflict.

[citation needed] In May 2023 it was reported the Sudanese army had been bombing the central bank in order for the RSF not to print money.