Sudan's central bank to work on Friday to prevent cash shortage

Source: Xinhua| 2018-10-12 04:35:25|Editor: yan
Video PlayerClose

KHARTOUM, Oct. 11 (Xinhua) -- The Central Bank of Sudan on Thursday announced that it would be working on Friday to enable commercial banks to feed their ATMs.

"The bank decided to open its doors on Friday (a public holiday), at 2:00 pm (local time) to enable banks withdraw their balances and feed the ATMs on the same day," the bank said in a statement.

On Wednesday, Sudan's National Prime Minister and Finance Minister Mutaz Mussa announced that the liquidity crisis would be solved and ATMs would be fed with cash as of Saturday.

Since February, Sudan has been suffering from a cash shortage in both local and foreign currencies following the decline of the Sudanese pound against the U.S. dollar.

Commercial banks failed to provide cash for their agents and the ATMs ceased operation.

Sudan has been undergoing an economic crisis since the secession of South Sudan in 2011, which caused the country to lose an estimated 70 percent of oil revenues.