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Sudan banks seek global connections

The East African
Wednesday February 17 2021
Large foreign banks began to withdraw gradually from 2000, as the US cracked down on dealings with Khartoum. PHOTO | FILE | NMG
Summary
Restoring international banking relations would give vital support to the economy still in crisis after more than 18 months of political transition since the ouster of former president Omar al-Bashir.
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The process may be slow, experts say.
Restoring international banking relations would give vital support to the economy still in crisis after more than 18 months of political transition since the ouster of former president Omar al-Bashir.
Sudanese banks had been banned from correspondent relationships involving dollars, and have had difficulty dealing in other major currencies for nearly 20 years. ....

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US Will Consider Sanctions Over Hong Kong Mass Arrests, Says Mike Pompeo

US Secretary of State Mike Pompeo on Thursday threatened sanctions against individuals and organisations involved in the arrest of dozens of Hong Kong democracy figures, voicing anger that an American was among those rounded up. ....

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