Sudan in Economic Chaos over Burhan’s Currency Change

Sudan in economic chaos over Burhan’s currency change

In January, General Abdel Fattah al Burhan-backed government in Sudan introduced a new 1,000-pound banknote, plunging the nation into financial chaos and deepening public anxiety. Citizens in Port Sudan, the wartime capital, rushed to deposit old notes at banks that struggled with inefficiencies and cash shortages. “The timeline was unrealistic,” said Dr. Mohamed Osman from the Bank of Sudan. “Banks were overwhelmed, leading to economic paralysi…

How Sudan Relies on Online Banking and Digital Payments Amid Currency Crisis and War

In January, Sudan’s army-backed government issued a new 1,000 Sudanese pound banknote, sending people into panic and the banking system into chaos. The streets of Port Sudan, the de facto wartime capital, were filled with citizens scrambling to file cash into their bank accounts, which should then be turned into the new currency. “The process of exchanging old currency for new proved to be highly inefficient and cumbersome,” Dr. Mohamed Osman, w…