Manager of the Bank in Shendi Expects Cash Availability After Currency Exchange Deadline

The manager of Al-Usra Bank, Shendi branch, Mamoun Al-Jumari, stated that the currency exchange process at the bank has been excellent throughout the three stages, without any issues.

In an interview with Events, he confirmed that the exchange process has been free of any security breaches or suspicions of money laundering or criminal activity.

Al-Jumari noted that the rate of counterfeit currency during this period was low, not exceeding 40,000 to 50,000 Sudanese pounds from ordinary individuals, and was not intentional.

He attributed the low rate of counterfeit money to the high level of security monitoring and added that the Central Bank of Sudan has clear guidelines regarding cross-border money laundering, specifically targeting individuals associated with or cooperating with the Rapid Support Forces.

Al-Jumari revealed that the bank has received 700 billion Sudanese pounds from customers since December 10 and deposited them into the Central Bank’s account in Atbara. He also mentioned that the response during the recent extension period was weak from some individuals.

He clarified that currency exchange does not involve the replacement of currency, but rather the opening of accounts, with allowances made for expired identification documents.

He confirmed that the bank continues to allow customers to withdraw according to the daily withdrawal limit of 200,000 Sudanese pounds, with the goal of integrating the currency mass into the banking system. He expects that after the final day of currency exchange, liquidity will become more readily available to meet customers’ needs, as cash in banks is often protected against theft and fire risks.