{"id":163145,"date":"2026-07-22T21:22:16","date_gmt":"2026-07-22T19:22:16","guid":{"rendered":"https:\/\/assayha.net\/en\/?p=163145"},"modified":"2026-07-22T21:22:16","modified_gmt":"2026-07-22T19:22:16","slug":"three-new-banks-to-be-opened-in-el-geneina","status":"publish","type":"post","link":"https:\/\/assayha.net\/en\/163145\/","title":{"rendered":"Three new banks to be opened in El&nbsp;Geneina"},"content":{"rendered":"\n<p class=\"s3 wp-block-paragraph\">&nbsp;The city of El&nbsp;Geneina&nbsp;in West Darfur state is experiencing a notable level of accelerating banking activity with the implementation of arrangements to open three new banks, in a development that observers hope will contribute to enhancing banking activity and alleviating the liquidity crisis that have greatly affected exchange rates as well as financial transfers in recent months.<\/p>\n\n\n\n<p class=\"s3 wp-block-paragraph\">&nbsp;According to sources, the new institutions are preparing to begin their activities during the coming period after completing the technical and administrative procedures, as part of efforts to expand banking services within the city and improve opportunities for obtaining official financial services.<\/p>\n\n\n\n<p class=\"s3 wp-block-paragraph\">&nbsp;Furthermore, this particular development comes at a time when El&nbsp;Geneina&nbsp;is witnessing turmoil in the money market, with the growing activity of the parallel market and the rise in speculation on currencies, which has been reflected in the flow of trade and prices of basic commodities, in addition to the increase in the cost of financial transfers between states.<\/p>\n\n\n\n<p class=\"s3 wp-block-paragraph\">&nbsp;Merchants and businessmen believe that the existence of new banks in the market would serve to embolden competition and provide more efficient banking services, such as; opening accounts, facilitating transfers, financing commercial activities, and supporting local investment.<\/p>\n\n\n\n<p class=\"s3 wp-block-paragraph\">&nbsp;Traders in the commercial sector further hope that the expansion of banking activity will contribute to restoring confidence in the formal financial system and reduce reliance on informal channels that increased during the war period, thus putting forth efforts to stabilize financial transactions and improve the economic environment in the state.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;The city of El&nbsp;Geneina&nbsp;in West Darfur state is experiencing a notable level of accelerating banking activity with the implementation of arrangements to open three new banks, in a development that observers hope will contribute to enhancing banking activity and alleviating the liquidity crisis that have greatly affected exchange rates as well as financial transfers in &hellip;<\/p>\n","protected":false},"author":8,"featured_media":163144,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-163145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6.1 (Yoast SEO v28.1) - 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