Launch of the Electronic Clearing System
As part of the Central Bank of Sudan’s efforts to restore payment systems damaged by the war and to reduce cash-based transactions, Acting Governor Al-Mu‘tasim Abdullah Ahmed and Deputy Governor Dr. Sami Abdelhafiz Saleh on Wednesday inaugurated the electronic cheque clearing system after a suspension lasting more than two years. The launch took place in Port Sudan, the capital of Red Sea State.
The Acting Governor praised the efforts of the Payments Systems Department and its staff in restoring clearing operations under the supervision of the Governor, noting that all technical and operational requirements necessary to resume cheque collection through the electronic clearing system have been completed. He also thanked the Union of Banks and relevant stakeholders for their cooperation and coordination in activating the system and organizing the electronic exchange of cheques among banks.
For his part, Deputy Governor Dr. Sami Abdelhafiz Saleh expressed his appreciation to the technical and specialized committees that accepted the major challenge and worked diligently. He reaffirmed the Central Bank’s commitment to developing and modernizing payment systems in support of economic recovery efforts and to strengthening confidence in the country’s banking sector.
As part of the electronic clearing system’s operational plan, and to facilitate banks’ access to their balances held with the Central Bank of Sudan across all its branches, the IT Department designed a new system that enables commercial banks to view their balances at Central Bank branches. This will ease account and liquidity management within the real-time gross settlement (RTGS) system, enhance efficiency, and improve clearing operations.
