Sudan Central Bank Launches New 1,000 Pound Note Amid Economic Crisis

The Central Bank of Sudan (CBoS) has introduced a new 1,000 Sudanese Pound (SDG) banknote, aiming to strengthen currency security and address the rising issue of counterfeit bills. The bank’s initiative is part of a broader effort to modernize currency standards and boost public confidence in the Sudanese Pound, which has been impacted by ongoing economic challenges and war.

In a recent statement, the CBoS highlighted its commitment to protect the national currency’s stability and combat inflation. The introduction of the new note also addresses the spread of counterfeit SDG1,000 and SDG500 bills, which reportedly emerged following the looting of CBoS headquarters in Khartoum by “rebel militia.”

The new 1,000 Pound note features advanced security elements, including a moving security strip and watermark of a falcon. The Arabic obverse side depicts Port Sudan’s grain silo and gold bullion, while the reverse side shows the CBoS headquarters and the denomination in English. The note’s colors are predominantly yellow and green, with dimensions of 158 by 70 mm.

The CBoS reassured the public that older SDG1,000 notes will remain in circulation, with a gradual phase-out planned to minimize disruptions. Commercial banks have been instructed to assist customers in opening accounts for depositing old bills, enabling access to banking and electronic payment services.

Sudan’s economic instability has driven high inflation, exacerbated by currency devaluation and cash shortages due to the 2023 conflict. The Sudanese Pound’s value continues to fall, with the parallel market rate for the US Dollar reportedly reaching as high as SDG550, more than four times the official rate. Rising fuel and commodity prices have further strained the public.

Observers note that the currency crisis has been intensified by regional disruptions, with banking services suspended in areas controlled by the Rapid Support Forces (RSF), while government-held regions, including Port Sudan, experience comparatively stable financial conditions.