Banking Khabar/ Sudan is facing a severe economic crisis, with most banks and digital payment services unable to operate due to cash shortages, electricity outages, and internet problems. Even the Central Bank is struggling to provide basic banking services, leaving citizens unable to access their money.
The crisis worsened after the 2021 military coup and the April 2023 conflict between the Sudanese Armed Forces and the Rapid Support Forces. This fighting destroyed infrastructure and displaced millions. By August 2025, 14 million people were displaced and 26 million faced severe hunger, while hospitals and health services have largely stopped functioning. The UN launched a $6 billion humanitarian plan to help those affected.
Sudan’s economy shrank by 29.4% in 2023 and another 14% in 2024. Inflation reached 170% in 2024 and eased to 78.4% by mid-2025, but prices remain very high. Extreme poverty has risen from 23% to 59%.
Most banks remain closed, digital services work only partially, and people wait months to withdraw cash. Looting, destroyed bank infrastructure, and network shutdowns have left citizens cut off from their money and vital information. Sudan’s banking system is now nearly paralyzed, making life extremely difficult for millions.
