Plans are underway to build a completely new, integrated banking system in areas controlled by the Sudan’s Peace Government.
Prime Minister Mohamed Hassan Al-Taishi announced the initiative, stating it aims to expand financial services and bring monetary stability back to the region.
Taishi noted that while these territories are highly productive, ongoing conflict has completely cut citizens off from basic banking.
He pointed the finger at the General Abdel Fattah al Burhan-led junta government in Port Sudan, accusing them of weaponizing monetary policy by squeezing cash liquidity and forcing destabilizing currency changes.
To fire up local commerce and investment, Al-Taishi says his administration is launching a dedicated currency council.
Technical teams are already wrapping up the regulatory frameworks to get the system online.
Addressing recent rumors about Future Bank, the Prime Minister clarified it is a private institution that will operate under strict, approved banking standards.
Al-Taishi emphasized that a newly established Monetary Authority will hold complete institutional independence.
The currency in use will feature the authorized governor’s signature alongside the June 2024 issue, at least until future amendments are made.
He wrapped up by reassuring listeners that all cash management steps are strictly technical, aimed solely at stabilizing the local economy and putting money back in citizens’ hands.
