Businesses shutting down in Juba

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Some businesses in Juba City are closing down following the announcement of floating foreign exchange rates by the Central Bank this week.
 
Business people fear to attract huge losses as price determination becomes complicated with the floating exchange rates.
 
One businessman says he decided to close down his shop since Wednesday to avoid triple losses.
 
Another one fears the foreign exchange rates may go up to 5,000 South Sudanese Pounds for 100 US Dollars if forces of demand and supply are to continue determining.
 
A holiday making student who is carrying out some business in Juba fears the high floating exchange rates will fail her in making money for school fees.
 
She begs the Governor of Central Bank Kornelio Koryom Mayiik to reverse the decision and fix suitable exchange rates.
 
The bank governor on Tuesday announced abolition of fixed foreign exchange rate for the US Dollars in preference to floating rate determined by demand and supply.
 
He believes the new currency policy benefits citizens and attracts investors.