Manager of the Sudanese Islamic Bank Branch in Port Sudan Calls on Citizens to Deposit Their Money Before the Currency Exchange Deadline

The General Manager of the Sudanese Islamic Bank, Port Sudan branch, Atef Hamid Yass, confirmed the bank’s full commitment to expediting the currency exchange process following the recent extension granted by the Central Bank of Sudan.

He noted significant efforts made by the bank’s management and staff, and highlighted that the bank operates with additional branches in Sawakin, Haya, and two branches in Port Sudan.

Atef revealed that large quantities of old currency have been received and deposited at the Central Bank of Sudan. He attributed the overcrowding in banks and long waiting times to the recent currency exchange extension, noting that this coincided with salary payments and the end of the fiscal year. He reassured that there were no issues in receiving old notes during the exchange period and mentioned that the extension would facilitate further work, with the bank offering a secure banking app for all services.

The bank is continuing its work late into the evening to provide service to all customers and noted that the Central Bank has provided sufficient funds to meet customer demands. He explained that the current shortage of cash in banks is due to high withdrawal rates, despite the allocated quota from the Central Bank, with daily withdrawal limits reduced from 200,000 to 100,000 Sudanese pounds, with special consideration for salary holders.

Atef called on citizens to take advantage of the extension period to deposit their old currency into banks, criticizing the weak response so far despite the prior announcement of the currency exchange program.