South Sudanese Pound gains strength against US Dollar

0
639
South Sudanese Pound is gaining strength against the US Dollar in the parallel market.
 
A dollar is now trading at 28 Pounds compared to 32 last week in the black market, Radio Bakhita reports.
 
Commercial banks continue selling at thirty-three point nine and buying at thirty-three point eight pounds.
 
The gain is because of peace returning to the country and the coming of the opposition to Juba, James Alic Garang, Senior Economist of Ebony Center for Strategic Studies tells Radio Bakhita.
 
The dollar rate may rise again if nothing is done to improve the economy, he cautions.
 
The Senior Economist was speaking on Monday in Juba.