FutureBank

Future Bank: Sudan’s Monetary Partition

In an indication of acute cash scarcity in areas controlled by the Rapid Support Forces (RSF), the military intelligence department of the RSF’s 4th Division in Al Daein issued a decree on April 23, 2026—capping the commission that traders may charge for converting money held digitally into Sudanese pound banknotes. While still high, 15% is significantly below the 40% previously charged. In response, many traders stopped offering the service at all, sparking a fresh crisis.

To address this, the prime minister of the RSF-controlled Tasis government, Mohamed Hassan Al-Taishi, issued a decree on May 11 establishing a “Transitional Monetary Council” tasked with promoting monetary stability and regulating banking affairs. The decree mandated the Council to oversee and manage currency circulation, implement the currency exchange program, and issue licenses for banking activities, in coordination with the Governor of the Central Bank of Sudan.

The Tasis government’s policy response to the crisis culminated in the appointment of its own central bank governor on May 21, Hussein Yahya Jangol, a veteran banker who rose through the ranks of the national central bank and served as its governor from February 25, 2022 to May 14, 2023.

These far-reaching measures underscore the deepening institutional crisis confronting the Tasis authorities as they attempt to establish credibility and legitimacy as a governing authority. The first clear signs of this structural challenge emerged in January 2026 with the appearance of the Bank of the Future and its affiliated digital money transfer application in RSF-controlled areas.

This paper analyzes the emergence of the bank and its implications for the future of economic policy, and argues that this policy willl accelerate division between RSF and SAF areas.

Read the full paper here.

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