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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Sudan's Central Bank Issues New Decisions to Protect Deterioration Pound


Thu 23 May 2024 | 02:09 AM
Taarek Refaat

The Central Bank of Sudan issued several new decisions aimed at restricting the large volume of money circulation within the country, including withdrawing money from ATMs and transfers through bank apps.

The Bank of Sudan decided to reduce the daily withdrawal value of cash funds to 3 million pounds only, while reducing the daily withdrawal ceiling through ATMs to 50 thousand pounds.

In return, the bank raised the ceiling for transfers through banking applications to 15 million pounds.

The dollar is equal to 600 pounds in the official market, while its price in the parallel market is about 1,800 pounds.