Government devising means to eradicate hard currency black market

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Central Equatoria State Commerce, Industry & Investment Minister says state and national governments are devising means to eliminate illegal open hard currency black market business.
 
Joseph Kulang told Easter Radio that state efforts to get rid of open crowding currency exchangers were frustrated.
 
He added that open currency black market is a serious matter that calls for attention from the national government.
 
Some anonymous members of Yei business community are raising concerns about increasing prices of commodities due to rise in US dollars exchange rate against South Sudanese Pounds.
 
They cite 100 US Dollars exchanged for 500 South Sudanese Pounds.
 
They complain that government failure to regulate foreign exchange rates in the country affect local enterprises in favour of foreign ones.
 
The business owners express wonders about the sources of hard currencies under umbrellas along town streets.
 
Another business owner challenges South Sudan government to attract domestic manufacturing industries to minimise reliance on imports.
 
The outcries follow rising commodities’ prices and foreign exchange rates devaluing the local currency.