Sudan’s new banknote fuels fears of financial exclusion and political division ...Sudan

November 10, 2024 (PORT SUDAN) -The Central Bank of Sudan’s introduction of a new 1,000 Sudanese pound banknote has been met with apprehension. It has raised concerns about financial instability in areas under the control of the Rapid Support Forces (RSF) and fuelled accusations of a hidden political agenda. The central bank announced that the new note would be gradually rolled out through banks and that existing 1,000 and 500-pound notes would be phased out. Citizens can deposit these notes into their bank accounts and access funds through various payment methods. The bank attributed the change to the circulation of large quantities of 1,000 and 500-pound notes “of unknown origin,” which h

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Sudan’s new banknote fuels fears of financial exclusion and political division ...Sudan

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