Business · Economy · 21 hrs ago
Sudan to withdraw old 500-pound notes by December 31, 2026
Sudan is withdrawing old 500-pound notes in North Kordofan, a state in the country.
The Central Bank of Sudan’s branch in El Obeid says people can deposit the old notes directly into bank accounts as part of the currency replacement process.
The bank says the process is moving smoothly and without obstacles.
The withdrawal period will continue through December 31, 2026.
From January 1, 2027, the old notes will no longer be legal tender, so they cannot be used to settle payments.
The announcement gives people in the state until the end of December to deposit the notes.
Sudan’s Central Bank said the old 500-pound notes will be withdrawn through December 31, 2026.
The notes will become invalid for settling obligations from January 1, 2027.
The current process in North Kordofan focuses on depositing old 500-pound notes directly into bank accounts.
The acting director general of the Central Bank’s El Obeid branch said the currency replacement process was proceeding smoothly and without obstacles.
- Who
- Sudan’s Central Bank is overseeing the withdrawal. Acting branch director general Mirghani Hassan described the process.
- What
- Old 500-pound notes are being withdrawn by deposit into bank accounts. They will become invalid for settling obligations from January 1, 2027.
- When
- The withdrawal is scheduled to continue through December 31, 2026.
- Where
- North Kordofan state, Sudan.
- Why
- Not stated
This story does not have two clearly opposing sides.
Mirghani Hassan said the withdrawal of old 500-pound notes in North Kordofan was proceeding smoothly.
The withdrawal period is scheduled to end.
The old 500-pound notes are to become invalid for settling obligations.
- Currency denomination
- 500 pounds
- Withdrawal deadline
- December 31, 2026
- Invalidity date
- January 1, 2027
- Location described
- North Kordofan, Sudan
- Process
- Depositing old notes directly into bank accounts
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What people are saying
the currency replacement process in North Kordofan state is proceeding smoothly and without obstacles