Sudan: Economist – ‘New Central Bank of Sudan Measure Encourages Illegal Currency Trade’

Last week, the Central Bank of Sudan (CBoS) announced the issuance of a new banknote of SDG1,000 as part of its efforts to improve the security standards for banknotes and achieve economic stability, after many banks in Sudan have been plundered. According to economist El Hadi Habbani the measure is counterproductive.

The Central Bank referred in a press statement on November 9 to the widespread plundering of banks and financial institutions, including the CBoS itself and the Sudan Currency…