World, Middle East

Sudanese central bank to introduce new banknotes

Move is aimed at easing country’s ongoing liquidity crisis, officials say

Mahmoud Barakat   | 17.01.2019
Sudanese central bank to introduce new banknotes

Sudan

By Nazik Shammam

KHARTOUM

Sudan’s central bank on Thursday announced plans to introduce several new categories of banknote in February in hopes of easing an ongoing liquidity crisis.

In a statement, bank head Mohamed Khair al-Zubayr said that new 100-Sudanese-pound banknotes (roughly equivalent to $2.10) would be made available early next month.

Over the course of the next two months, he added, 200- and 500-pound banknotes would also be made available.

According to al-Zubayr, the move is aimed at remedying the country’s ongoing shortage of local currency.

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