Since the start of the war between the army and the forces Fast support In the middle of April 2023 the exchange rate went down Sudanese pound Especially where trade takes place Dollar One is now about 2,300 pounds, compared to 600 pounds before the war began.
Viani economy of Sudan From the high levels of inflation exceeding 300 percent, with 90 percent of the money supply estimated at around 900 trillion pounds circulating outside the umbrella of the banking sector.
Before the start of the war, there were more calls to change the currency to control flight from liquidity, but the financial authorities refused to do so, citing the high cost of printing the currency. new frontier, which was estimated at around 600 million dollars at the time.
In a statement on Saturday, the Central Bank explained that the move to change the currency is also aimed at dealing with the negative effects of the war that has been going on in the country since mid-April 2023, and the release of large amounts of currency of unknown origin and that do not comply with technical specifications, which led to a clear increase in the level of monetary liquidity and had a significant impact on the stability of the general level of prices.
The bank confirmed that commercial banks and their branches will continue to receive funds in denominations of one thousand and five hundred pounds from citizens, give them and save them in their accounts and allow them to use their balances through various means pay.
The bank said that they will announce later the date on which they will stop dealing in the current editions of the thousand and five hundred pounds and will consider it as non-standard currency.
Commenting on the bank’s move, the Rapid Support Forces blamed “the authority in power.” Port Sudan“Using the new 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 pass, and called on the Sudanese to reject the decision, not to invest their money, and not to dealing with the new currency.
The statement of the Rapid Support Forces confirmed that the decision of the Central Bank of Sudan to change the currency due to the total collapse of the country and the disruption and disruption of the banking system in most states “is not based on legal justification, and invalidated by the resulting financial protection systems for individuals Accidents And wars, and it is still very economically irrational to achieve known political goals.”
The Rapid Aid Forces called on the Sudanese “to lose the opportunity for those who are hiding who are caught up in corruption, looting the property of the people, destroying their institutions and using them for the service of the war.”
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And he announced Bank of Sudan The Central Bank issued new banknotes on Saturday “to protect the national currency and control exchange rate fluctuations in the parallel market.”
Since the start of the war between the army and the forces Fast support In the middle of April 2023 the exchange rate went down Sudanese pound Especially where trade takes place Dollar One is now about 2,300 pounds, compared to 600 pounds before the war began.
Viani economy of Sudan From the high levels of inflation exceeding 300 percent, with 90 percent of the money supply estimated at around 900 trillion pounds circulating outside the umbrella of the banking sector.
Before the start of the war, there were more calls to change the currency to control flight from liquidity, but the financial authorities refused to do so, citing the high cost of printing the currency. new frontier, which was estimated at around 600 million dollars at the time.
In a statement on Saturday, the Central Bank explained that the move to change the currency is also aimed at dealing with the negative effects of the war that has been going on in the country since mid-April 2023, and the release of large amounts of currency of unknown origin and that do not comply with technical specifications, which led to a clear increase in the level of monetary liquidity and had a significant impact on the stability of the general level of prices.
The bank confirmed that commercial banks and their branches will continue to receive funds in denominations of one thousand and five hundred pounds from citizens, give them and save them in their accounts and allow them to use their balances through various means pay.
The bank said that they will announce at a later date the date on which they will stop dealing in the current editions of the thousand and five hundred pounds and will consider it as non-standard currency.
Commenting on the bank’s move, the Rapid Support Forces blamed “the authority in power.” Port Sudan“Using the new 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 pass, and asked the Sudanese to reject the decision, not to invest their money, and not to dealing with the new currency.
The statement of the Rapid Support Forces confirmed that the decision of the Central Bank of Sudan to change the currency due to the total collapse of the country and the disruption and disruption of the banking system in most states “is not based on legal justification, and invalidated by the resulting financial protection systems for individuals Accidents And wars, and it is still very economically irrational to achieve known political goals.”
The Rapid Aid Forces called on the Sudanese “to lose the opportunity for those who are hiding who are caught up in corruption, looting the property of the people, destroying their institutions and using them for the service of the war.”
2024-11-11 00:46:00
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