to attest Sudan
His first day of operation Currency exchange National Bank in a step described as decisive to address the economic challenges facing the country, as a member of the Transitional Sovereignty Council and Assistant Commander-in-Chief, Lieutenant General Engineer Ibrahim Jaber, chaired the eighth meeting of the Supreme Committee for the Offering and Exchange of the Currency, which focused on following up on the progress of the process since its launch.
At the meeting, Lieutenant General Ibrahim Jaber reviewed detailed reports from the technical committees that supervise currency replacement, and stressed the importance of facilitating procedures for citizens, especially with regard to opening bank accounts, noting that this step seeks to integrate funds circulating outside the banking system into the formal economy.
According to the Sudanese News Agency, the Minister of Culture and Information and the official spokesman for the government, Khaled Al-Aissar, praised the great popular interaction with the operation on its first day, and described this interaction as evidence of the Sudanese people’s awareness of the importance of this step, and stressed that replacing the currency represents a national process aimed at protecting… Economy from sabotage practiced by armed militias.
Al-Aissar added that reports received from the targeted centers and other regions showed a wide interest in the operation, while recording some minor obstacles that did not hinder the operation’s progress. He pointed out that the government is working to address all technical and administrative problems to ensure that the process runs smoothly.
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Currency exchange objectives
The process of replacing the currency in Sudan aims to confront major challenges that threaten the national economy, and its most prominent objectives are:
Anti-counterfeitingAttempts to counterfeit the old currency by militias and unofficial parties have increased.
Fortifying the economy: Currency replacement contributes to reducing the circulation of money outside the banking system.
Enhancing confidence in the banking systemEncouraging citizens to open bank accounts and transact through them.
Confronting the parallel economy: Reducing illegal activities that depend on cash outside Banks.
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New currency
The new currency features advanced security features aimed at preventing counterfeiting, and the first phase of the replacement process has begun in banking centers in selected areas, where field teams have been allocated to provide technical support and guidance to citizens on the required procedures.
The government spokesman explained that citizens living in areas not targeted in the first phase will receive clear instructions to ensure their ability to exchange their money without difficulty.
Despite the great interaction with the process, some challenges were observed, such as long queues and a shortage of staff in some centers, but the government confirmed that these problems are being addressed immediately, while strengthening the work teams in the banking centers and providing the necessary support to ensure the success of the process.
Replacing the currency is a strategic step to address the effects of the economic sabotage that has affected the financial system in recent years. This process is one of the government’s tools to fortify the national economy and build solid financial foundations that enhance market stability.
