![]() For nearly a decade, the economy boomed on the back of rising oil production, high oil prices, and significant inflows of foreign direct investment. The oil sector had driven much of Sudan's GDP growth since 1999. Sudan has experienced protracted social conflict and the loss of three quarters of its oil production due to the secession of South Sudan. Low consumer confidence in the banking sector and the economy as a whole has driven a severe liquidity shortage. The Central Bank of Libya continued to pay government salaries to a majority of the Libyan workforce and to fund subsidies for fuel and food, resulting in an estimated budget deficit of about 17% of GDP in 2017. However, oil production levels remain below the average pre-Revolution highs of 1.6 million barrels per day. Oil production in 2017 reached a five-year high, driving GDP growth, with daily average production rising to 879,000 barrels per day. Living conditions, including access to clean drinking water, medical services, and safe housing have all declined since 2011. The country suffers from widespread power outages, caused by shortages of fuel for power generation. ![]() The Libyan dinar has lost much of its value since 2014 and the resulting gap between official and black market exchange rates has spurred the growth of a shadow economy and contributed to inflation. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.Libya's economy, almost entirely dependent on oil and gas exports, has struggled since 2014 given security and political instability, disruptions in oil production, and decline in global oil prices. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. ![]() Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. Picking up cash from a transfer agent in Sudan? Follow a few simple steps to ensure that you and your money stay safe:į is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Additionally, USD can’t easily be spent in Sudan so don’t send cash to your recipient in the mail. No, the only supported currency for transfers to Sudan is the Sudanese pound. Send this transfer from online or at a Western Union agent location - either way you’ll need valid ID and enough money to cover both the transfer and associated fees. Select the Western Union agent location you want to deliver money to.Register for a Western Union account, if you don’t already have one.You must send money for cash pickup to Sudan through Western Union. Our Western Union review explores fees, sending limits, payment methods and more to help you send your transfer to Sudan. Of major money transfer companies, Western Union is one of few currently offering to send money to Sudan. How to send money to SudanĪlthough the US lifted sanctions on Sudan in 2017, money transfer companies have been slow to return to the market. For more information, refer to the US Department of State Sudan sanctions page. In short, this means that although you’re legally allowed to send remittances to Sudan, it’s still up to money transfer companies to support the corridor. “Today, the United States decided to revoke economic sanctions with respect to Sudan and the Government of Sudan under Executive Orders 1302, in recognition of the Government of Sudan’s sustained positive actions to maintain a cessation of hostilities in conflict areas in Sudan, improve humanitarian access throughout Sudan, and maintain cooperation with the United States on addressing regional conflicts and the threat of terrorism.” In a 2017 press statement, Department Spokesperson Heather Nauert wrote: ![]() The US Department of State removed sanctions on Sudan in 2017, but money transfer companies have been slow to enter the market.
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