Thursday, May 9, 2024

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Economics

‘Devaluation of Pounds against parliament’s will’, says MP

The decision taken by the Ministry of Finance and the Central Bank in 2015 was against the will of the parliament, says Chairperson of...

South Sudan to suffer over 30 billion pounds deficit by 2017, economist predicts

South Sudan will suffer 34 billion pounds deficit by 2017, a senior economic expert forecasts. James Alic Garang says if the government does not do...

Wau approves 5 million South Sudanese Pounds to fund inter-state conference

 Wau State administration has approved five million South Sudanese Pounds for funding upcoming inter-state conference in Bahr El-Ghazal region. Governor Elias Waya says the funding...

South Sudanese Pound gains strength against US Dollar

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...

New South Sudanese Pounds will not improve the economy, an expert confirms

 The new bank notes of South Sudanese Pounds launched on Monday by the Central Bank will have no impact on reducing the biting economic...

Advocate urges Central Bank to reverse devaluation of South Sudanese Pounds

The Bank of South Sudan and Ministry of Finance & Economic Planning should reverse the devaluation now before the South Sudan Pounds become completely...

Coins of one, two South Sudanese Pounds underway

The coins of one and two South Sudanese Pounds are underway, Central Bank Governor announces. Kornelio Koriom says the coins will help in stabilizing market...

Dollar exchange rate against South Sudanese Pound rises up again

 The exchange rate of one US Dollar against one SSP is rising up again in Juba. There was a drop from one dollar for 20...

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