Al-Nayer: Banks are Very Poorly Capitalized

Sudan Events – Rehab

Economist Dr. Mohammad Al-Nayer said that Sudanese banks were suffering from problems even before the outbreak of war, stressing that they were suffering from weak capital. He criticized the Central Bank for not being serious about raising banks’ capital to good rates that would enable them to confront challenges in the coming period.
Al-Nayer told (Sudan Events ) that some banks’ capital is very weak, and now the war has come and increased its complications. Al-Nair refrained from saying that banks are at risk of collapse or bankruptcy, stressing that the banks are now working well, pointing out that the war has led to some positive results as it has changed the concepts of keeping money and gold in homes after being robbed.
And keep them in banks in the future, given that customer deposits are guaranteed by the Central Bank. He believed that this will make the mass flows increase after the end of the war, and what was previously that 90% of the monetary mass outside the banking system will be reversed. He added, “It only needs to activating electronic systems, and this matter has achieved great success in light of the current war conditions, such as “Bankak, Okash and Fawry” have played a role in reducing the burden on the citizen and greatly activating the role of banking work.”
He believed that a decision should have been issued not to accept the thousand-pound note in commercial activity, but rather in banks, and that this would have greatly reduced the deterioration of the national currency and made the banks have sufficient liquidity.