Politics and Government
Source : (remove) : Yen.com.gh
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Politics and Government
Source : (remove) : Yen.com.gh
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Sudan 'political' banknote switch causes cash crunch

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  Sudan's army-aligned government has issued new banknotes in areas it controls, reportedly aimed at undermining its paramilitary rivals but causing long queues at banks, disrupting trade and entrenching division. In RSF-held areas, civilians could become further isolated economically, struggling to trade with regions under army control.

The article from yen.com.gh discusses the severe cash crunch in Sudan following a political decision to replace old banknotes with new ones, aimed at curbing inflation and reducing the money supply. This move, initiated by the Central Bank of Sudan, has led to widespread confusion and hardship among citizens as the old currency, set to expire by the end of 2023, is no longer accepted in many places. The situation has been exacerbated by long queues at banks and ATMs, with many people unable to access the new currency, leading to a near standstill in economic activities. The article also highlights the political tension and public frustration over the government's handling of the currency switch, with fears that the policy might further destabilize the already fragile economy.

Read the Full Yen.com.gh Article at:
[ https://yen.com.gh/business-economy/275837-sudan-political-banknote-switch-cash-crunch/ ]