{"id":20042447,"date":"2023-06-16T19:19:55","date_gmt":"2023-06-16T17:19:55","guid":{"rendered":"https:\/\/www.dabangasudan.org\/?p=20042447"},"modified":"2023-07-10T17:01:53","modified_gmt":"2023-07-10T15:01:53","slug":"central-bank-of-sudan-takes-steps-to-address-banking-disruptions","status":"publish","type":"post","link":"https:\/\/www.dabangasudan.org\/en\/all-news\/article\/central-bank-of-sudan-takes-steps-to-address-banking-disruptions","title":{"rendered":"<strong>Central Bank of Sudan takes steps to address banking disruptions<\/strong>"},"content":{"rendered":"\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<p><strong>PORT SUDAN &#8211;<\/strong><\/p>\n\n\n<div style=\"font-style:normal;font-weight:600;\" class=\"wp-block-post-date\"><time datetime=\"2023-06-16T19:19:55+02:00\">16\/06\/2023<\/time><\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p><strong>The Central Bank of Sudan (CBoS) is taking measures to tackle the disruptions in banking services caused by the ongoing war. However, expert Hafiz Ismail warns of substantial obstacles ahead.<\/strong><\/p>\n\n\n\n<p>In a statement yesterday, the CBoS acknowledged the impact of the fighting, vandalism and war-related issues on banks, including electricity outages <a href=\"https:\/\/www.dabangasudan.org\/en\/all-news\/article\/communication-problems-in-darfur-as-clashes-continue\">and communication issues<\/a>. To address customer concerns, expired bank cards will be extended by six months.<\/p>\n\n\n\n<p>The Central Bank stated that April \u201cunified services\u2019 salaries\u201d were paid, along with operational expenses in a number of sectors.<\/p>\n\n\n\n<p>The CBoS opened channels for \u201cforeign exchange, facilitating exports, and ensuring the smooth flow of foreign transfers to meet urgent obligations\u201d. Additionally, financing arrangements have been made for various sectors, particularly \u201cagriculture, small industries, and production\u201d.<\/p>\n\n\n\n<p>Efforts are underway to restore and resume banking applications.<\/p>\n\n\n\n<p>The bank further warned of \u201cpotential challenges associated with reopening previously closed bank branches\u201d.<\/p>\n\n\n\n<p>Banking expert Hafiz Ismail however, expressed his concerns about centralised servers located solely in Khartoum, with no backups outside the city. \u201cThis may require a return to manual processes, making customer identification more difficult and disrupting clearing operations\u201d, he told Radio Dabanga.<\/p>\n\n\n\n<p>Ismail added that the current delays in agricultural financing procedures will likely hamper timely support for the ongoing agricultural season, especially as <a href=\"https:\/\/www.dabangasudan.org\/en\/all-news\/article\/reach-predicts-above-normal-rainfall-in-sudan\">rainfall has already commenced<\/a> in certain rain-fed areas.<\/p>\n\n\n\n<p>The banking expert also drew attention to the prevailing security situation, which complicates cash handling and the transfer of funds between the various bank branches. He noted that \u201ceven operating at a 20 per cent capacity under such conditions would be considered an achievement\u201d.<\/p>\n\n\n\n<p>Last week, the CBoS <a href=\"https:\/\/www.dabangasudan.org\/en\/all-news\/article\/analyst-sudan-war-so-far-caused-economic-losses-of-15-billion-dollar\">established an emergency room<\/a> for the management of banking procedures during the war.<\/p>\n<div class=\"sws_supernormalaction\"><button on=\"tap:superwebshare-lightbox\" class=\"superwebshare_normal_button1 superwebshare-button-large superwebshare-button-square superwebshare_prompt superwebshare_button_svg\" style=\"color:#ffffff;background-color: #d52631;\" ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"superwebshare-svg\"  fill=\"currentColor\" viewBox=\"0 0 1000 1000\" stroke=\"currentColor\" stroke-width=\"0\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" 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the&#8230;<\/p>\n","protected":false},"author":24,"featured_media":20042450,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29,110,109,94,27,108,38],"tags":[],"class_list":["post-20042447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-flash-posts","category-frontpage","category-headlines","category-news","category-news-headlines","category-violence"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Central Bank of Sudan takes steps to address banking disruptions - Dabanga Radio TV Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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