Sudan faces fuel crisis and worsening cash crunch

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Sudan faces fuel crisis and worsening cash crunch
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Sudan is facing a pre-Ramadan fuel crisis and a worsening cash crunch less than a month after president Omar al-Bashir was ousted.

The TMC is locked in a standoff with the opposition over who will control a proposed joint civilian-military body to oversee the country until elections can be held. Protests have continued in a bid to push the council to cede power to civilians.

At least a dozen ATMs in a commercial area in central Khartoum had no cash, and dozens of people lined up at those still dispensing money. A Reuters witness counted 88 customers in one line on a main road in central Khartoum. The maximum daily withdrawal has long been set at 2,000 Sudanese pounds . Some have set up several bank accounts to try to circumvent the limit.Most residential areas in the capital experience near-daily electricity outages for hours. The increasing blackouts occurred as Khartoum's temperatures soar to highs of 45 Celsius.

Bashir's government had run up enormous budget deficits by subsidising fuel, bread and other products. To cover the deficit, it expanded the money supply. Attempts to raise bread and fuel prices to reduce the cost of subsidies sparked the protests that led to the military's overthrowal of Bashir last month.

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