Sudan's New Banknotes Boost Deposits Amid Criticism of Exclusionary Practices - PRESS AI WORLD
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Sudan's New Banknotes Boost Deposits Amid Criticism of Exclusionary Practices

share-iconPublished: Friday, January 10 share-iconUpdated: Friday, January 10 comment-icon10 months ago
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REUTERS
Sudan's New Banknotes Boost Deposits Amid Criticism of Exclusionary Practices

Credited from: REUTERS

  • The Sudanese government has introduced new banknotes and mandated bank account openings to enhance financial deposits and support its military initiative against the RSF.
  • According to Finance Minister Jibril Ibrahim, this measure has significantly increased funding for the army's war effort amid a devastated economy and severe currency devaluation.
  • Critics argue that the initiative has left millions, especially in RSF-controlled regions, excluded from the financial system, effectively disenfranchising them.
  • Local residents report protests and economic hardships arising from the new regulations, further complicating transactions and limiting access to cash.
  • The government's strategy to tackle looted assets has drawn both support and backlash, highlighting a divide in the country's financial landscape.

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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