Sudan Events – Rehaba Abdullah
The Central Bank of Sudan has announced the issuance of a new banknote in the 1,000-pound denomination to the public in the near future.
It confirmed that commercial banks and their branches will continue to receive 1,000-pound and 500-pound banknotes from citizens, deposit them, and store them in their accounts, enabling them to use their balances through various payment methods.
The bank also mentioned that commercial banks will facilitate the process of opening accounts for citizens who do not have bank accounts, allowing them to deposit their 1,000-pound and 500-pound banknotes, along with other denominations, to benefit from banking services, including electronic payment services. It added that it will announce later the date when the current issues of the 1,000-pound and 500-pound notes will no longer be valid and will be considered non-legal tender.
The issuance of the new banknote is based on the authorities and powers of the Central Bank of Sudan as outlined in its law of 2002. It is part of the bank’s responsibilities to protect the national currency, ensure the stability of its exchange rate, and assist in achieving economic stability. This move also addresses the negative impacts of the ongoing war in the country, especially the widespread looting by rebel militias of the Central Bank of Sudan’s premises and the Sudan Currency Printing Corporation in Khartoum. As a result, large amounts of untraceable and non-compliant 1,000-pound and 500-pound notes spread, leading to a noticeable increase in liquidity and negatively impacting the stability of general price levels.
According to the Central Bank, the specifications and security features of the new 1,000-pound note include:
Dimensions of the note: 158 x 70 mm.
Content of the note: Ports and gold.
Primary colors: Shades of yellow and green.
Watermark: Full ostrich and the number 1000.
The front side includes: The port, a grain silo, gold bars, and the number 1000 at the top left and bottom right.
Print date: June 2024.
Raised printing: On the silo, the ship, the phrases “Central Bank of Sudan” and “1,000 Sudanese Pounds,” as well as the lower and upper denomination numbers and a blind spot indicator at both ends of the note.
Serial number: Found at the top right and bottom left.
The back side includes: The building of the Central Bank of Sudan.
Security thread: On the front, it is shiny and visually moving.
Matching counterparts: Gold bars.
There are additional security features with color and shape variations when tilted.
