{"id":17613,"date":"2022-05-28T07:53:45","date_gmt":"2022-05-28T07:53:45","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-set-to-auction-dollar-to-protect-a-weaker-ssp"},"modified":"2022-05-28T08:14:04","modified_gmt":"2022-05-28T08:14:04","slug":"central-bank-set-to-auction-dollar-to-protect-a-weaker-ssp","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-set-to-auction-dollar-to-protect-a-weaker-ssp","title":{"rendered":"Central Bank set to auction Dollar to protect a weaker SSP"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>The Bank of South Sudan (BSS) has stepped up efforts to protect a depreciating South Sudanese Pound (SSP) by reducing the demand for the US Dollar.<\/p>\n

The Central Bank on Friday said that they plan to release $5, 000, 000 to Commercial Banks, a move aimed at reducing the demand for the \u2018bucks\u2019, by lowering exchange rates.<\/p>\n

\u201cThe Bank of South Sudan intends to sell US dollars: 5,000,000.00 (USD Five Million only) to eligible commercial banks through an auction to be held on Monday 30th May 2022.<\/p>\n

\u201cThe auction process will be governed by the Bank of South Sudan Foreign Exchange Auction Rules and Procedures,\u201d read a notice by the Chairperson of Forex Auction Supervisory Committee in the Bank of South Sudan, Abugo Charles Joseph.<\/p>\n

Interested banks will collect application forms and auction rules and procedures in the office of the Chairperson of the Auction Supervisory Committee at the Bank of South Sudan, during working hours.<\/p>\n

The commodity prices have risen in recent days as the dollar overlooks pounds by selling at a staggering 472.2180 and buying at 458, 2608 against the US Dollar, and Euro selling and buying at 504.6121\/489.6058 respectively.<\/p>\n

British pounds also is bought at SSP 574.7502 and sold at 592.3507.<\/p>\n

The depreciating SSP and other external factors like the war in Ukraine and Thursday\u2019s extension of the arms embargo by the UN Security Council, saw fuel prices shoot up, and risen from SSP450 to SSP 650-750 since last week.<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. The Bank of South Sudan (BSS) has stepped up efforts to protect a depreciating South Sudanese Pound (SSP) by reducing the demand for the US Dollar. The Central Bank on Friday said that they plan to release $5, 000, 000 to Commercial Banks, a move aimed at reducing the demand for the […]<\/p>\n","protected":false},"author":84,"featured_media":17612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,2902,2893,2900,2901,233],"class_list":["post-17613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-sudan","tag-auction-the-dollar","tag-bank-of-south-sudan","tag-depreciation","tag-fuel-prices-in-south-sudan","tag-south-sudan"],"yoast_head":"\nCentral Bank set to auction Dollar to protect a weaker SSP - South Sudan<\/title>\n<meta name=\"description\" content=\"The Bank of South Sudan (BSS) has stepped up efforts to protect a depreciating South Sudanese Pound (SSP) by reducing th ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-set-to-auction-dollar-to-protect-a-weaker-ssp\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank set to auction Dollar to protect a weaker SSP\" \/>\n<meta property=\"og:description\" content=\"The Bank of South Sudan (BSS) has stepped up efforts to protect a depreciating South Sudanese Pound (SSP) by reducing th ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-set-to-auction-dollar-to-protect-a-weaker-ssp\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-28T07:53:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-28T08:14:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2022\/05\/postQueueImg_12-6291d9b346d05.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-set-to-auction-dollar-to-protect-a-weaker-ssp#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-set-to-auction-dollar-to-protect-a-weaker-ssp\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Central Bank set to auction Dollar to protect a weaker SSP\",\"datePublished\":\"2022-05-28T07:53:45+00:00\",\"dateModified\":\"2022-05-28T08:14:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-set-to-auction-dollar-to-protect-a-weaker-ssp\"},\"wordCount\":256,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-set-to-auction-dollar-to-protect-a-weaker-ssp#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2022\/05\/postQueueImg_12-6291d9b346d05.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"Auction the Dollar\",\"Bank of South Sudan\",\"Depreciation\",\"Fuel prices in South Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-set-to-auction-dollar-to-protect-a-weaker-ssp#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-set-to-auction-dollar-to-protect-a-weaker-ssp\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-set-to-auction-dollar-to-protect-a-weaker-ssp\",\"name\":\"Central Bank set to auction Dollar to protect a weaker SSP - 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