Former CBOS Official Advises Removing Three Zeros to Revive the Sudanese pound

Former Assistant Governor of the Central Bank of Sudan (CBOS) , Abdullah Al-Hassan, advised the government to remove three zeros from the Sudanese pound to strengthen the local currency. At the same time, he warned of the negative effects of continued circulation of the old currency, stressing that this situation threatens the success of the currency replacement process, particularly in states where the process has not yet been completed, opening the door to uncontrolled economic practices.

Al-Hassan explained, according to Nabd Sudan, that the continued circulation of the old currency pushes citizens in safe states, where the replacement has been completed, to carry old notes and transfer them to other states that have not yet received the new currency, either to exchange them for new denominations or through electronic banking applications.

He recommended preparing a study to remove about three zeros from the current currency, similar to measures taken by several countries during periods of comparable economic crises. He noted that this step may be necessary to restructure the monetary system, reduce inflation, and improve financial transaction efficiency.

Al-Hassan concluded by emphasizing that removing zeros from the Sudanese currency could be a medium-term option if it is proven that current denominations have lost their real value and become a burden on daily transactions. He stressed, however, the importance of implementing this decision based on precise technical studies to avoid new market disruptions or loss of confidence in the monetary system.