Money transfers in Sudan affected

May 29, 2023

(3 minutes read)

The banking sector got affected in Sudan severely because of the ongoing fight between the two military leaders for power. Big queues were noticed in several banks as depositors were withdrawing their savings to be transferred elsewhere as the end of the seven-day ceasefire was approaching

The banking sector got affected in Sudan severely because of the ongoing fight between the two military leaders for power. Big queues were noticed in several banks as depositors were withdrawing their savings to be transferred elsewhere as the end of the seven-day ceasefire was approaching. Banking operations in Sudan, particularly the transfer of money, have always been difficult in Sudan. Now, because of the conflict, it has become worse.

The fighting between the two leaders, army chief Abdel Fattah al-Burhan and former deputy Mohamed Hamdan Daglo, who heads Rapid Support Forces (RSF), has brought the country’s financial system to a halt. www.trendsnafrica.com has reported about the inflationary spiral in the conflict-torn region, which ordinarily, has to depend on help from multilateral bodies and others for providing relief works to a vast majority of its citizens.

A large number of people have fled Khartoum to Madani due to the war. All Western Union services, which are largely engaged in cash transfers, were suspended for 21 days. However, the institution has restarted operations in safe zones. Reports indicate that there is a heavy rush to transfer money from the country since people are aware of the situation and fear it may continue.