And he announced Bank of Sudan On Saturday, the Central Bank issued new banknotes “to protect the national currency and control exchange rate fluctuations in the parallel market.”
Since the outbreak of war between the army and the forces Fast support In mid-April 2023 the exchange rate deteriorated Sudanese pound Significantly where trading is taking place Dollar One currently stands at about 2,300 pounds, compared to 600 pounds before the outbreak of war.
And he suffers Sudanese economy From high inflation levels exceeding 300 percent, with 90 percent of the monetary supply estimated at about 900 trillion pounds circulating outside the umbrella of the banking sector.
Before the outbreak of war, there were increased demands to change the currency to control escaping liquidity, but the financial authorities refused to do so, citing the high cost of printing the new currency, which was estimated at about 600 million dollars at the time.
In a statement on Saturday, the Central Bank explained that the step to change the currency it took also aims to address the negative effects of the war that has been going on in the country since mid-April 2023, and the spread of large quantities of currencies of unknown origin and not conforming to technical specifications, which led to a clear increase in the level of cash liquidity and had a significant impact. The negative impact on the stability of the general level of prices.
The bank confirmed that commercial banks and their branches will continue to receive currencies in denominations of one thousand and five hundred pounds from citizens, supply them and save them in their accounts and enable them to use their balances through various payment methods.
The bank said that it will announce later the date on which it will stop dealing in the current editions of the one thousand and five hundred pounds denominations and consider them a non-default currency.
Commenting on the bank’s move, the Rapid Support Forces accused “the authority in power.” Port Sudan“By resorting to offering the new monetary currency to cover the revenue deficit and finance the cost of the war.
The Rapid Support Forces confirmed that they would not allow the agendas of the “old state” to be passed, and called on the Sudanese to reject the decision, not to deposit their money, and not to deal in the new currency.
The Rapid Support Forces statement stressed that the decision of the Central Bank of Sudan to change the currency in light of the comprehensive collapse in the country and the disruption and disruption of the banking system in most states “is not based on legal justification, and is invalidated by the financial protection systems for individuals in light of Disasters And wars, and it remains pure economic recklessness to achieve known political goals.”
The Rapid Support Forces called on the Sudanese to “miss the opportunity for those lurking who are addicted to corruption, plundering the people’s property, sabotaging their institutions and using them to serve the war agenda.”
