The Central Bank of Sudan announced on Saturday the withdrawal of several currency denominations from circulation, in a move aimed at reorganizing the structure of currency denominations in line with the country’s economic developments.
The bank explained in an official statement that the decision includes the following denominations: 1 pound, 2 pounds, 5 pounds, 10 pounds, 20 pounds, and 50 pounds.
He pointed out that the replacement period for these categories extends for three months, starting from the date of publication of the decision in the Official Gazette, and ending on July 30, 2026, noting that the decision was officially published on April 30.
The bank explained that the process of replacing the withdrawn denominations will be done exclusively through depositing them into bank accounts at commercial bank branches, at their nominal value, without providing the option of direct cash replacement.
The statement confirmed that these categories will remain in circulation and usable during the specified grace period, but they will lose their legal status after its expiry, and will not be acceptable in settling obligations or conducting financial and commercial transactions.
The bank also stressed its commitment to preserving the rights of citizens in states experiencing unstable security or banking conditions, by enabling them to recover the nominal value of these categories in accordance with the approved controls and procedures.
This decision comes amid the economic challenges facing Sudan as a result of the ongoing war since April 2023, which has led to a sharp decline in the value of the Sudanese pound against the dollar, with its exchange rate exceeding 5,000 pounds in the parallel market.
Since the outbreak of conflict between the Sudanese army and the Rapid Support Forces in April 2023, the country has been experiencing a severe humanitarian crisis, which, according to international estimates, has resulted in the deaths of tens of thousands and the displacement of nearly 13 million people.
