{"id":31132,"date":"2023-01-27T17:59:35","date_gmt":"2023-01-27T17:59:35","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-plummets-to-new-low-as-dollar-hits-ssp730"},"modified":"2023-01-27T18:33:50","modified_gmt":"2023-01-27T18:33:50","slug":"south-sudans-local-currency-plummets-to-new-low-as-dollar-hits-ssp730","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-plummets-to-new-low-as-dollar-hits-ssp730","title":{"rendered":"South Sudan\u2019s local currency plummets to new low as dollar hits SSP730"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span> <\/b>South Sudan\u2019s local currency has depreciated further against foreign currencies in its official rate with US dollar being sold at SSP730.<\/p>\n

This is according to daily exchange rate published by the central bank and unverified claims on social media suggest that 1 US dollar is being sold at 750 SSP in the black market.<\/p>\n

The latest depreciation of the local currency comes less than a week after the central bank asked businesses to operate using the pound.<\/p>\n

It also ordered local commercial banks to shut down government accounts with immediate effects.<\/p>\n

South Sudan\u2019s economy deteriorated following the outbreak of civil war in December 2013.<\/p>\n

The deadly conflict resulted in the shutdown of oil fields with government diverting the little resources it had to war efforts.<\/p>\n

Attempts by the government to revive the economy have proven futile as corruption has also been blamed for lose of large amounts of money.<\/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. South Sudan\u2019s local currency has depreciated further against foreign currencies in its official rate with US dollar being sold at SSP730. This is according to daily exchange rate published by the central bank and unverified claims on social media suggest that 1 US dollar is being sold at 750 SSP in the […]<\/p>\n","protected":false},"author":84,"featured_media":31131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,293],"tags":[234,265,233],"class_list":["post-31132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"\nSouth Sudan\u2019s local currency plummets to new low as dollar hits SSP730 - South Sudan<\/title>\n<meta name=\"description\" content=\"South Sudan\u2019s local currency has depreciated further against foreign currencies in its official rate with US dol ...\" \/>\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\/south-sudans-local-currency-plummets-to-new-low-as-dollar-hits-ssp730\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Sudan\u2019s local currency plummets to new low as dollar hits SSP730\" \/>\n<meta property=\"og:description\" content=\"South Sudan\u2019s local currency has depreciated further against foreign currencies in its official rate with US dol ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-plummets-to-new-low-as-dollar-hits-ssp730\" \/>\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=\"2023-01-27T17:59:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-27T18:33:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/01\/postQueueImg_1674829816.19.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"597\" \/>\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\/south-sudans-local-currency-plummets-to-new-low-as-dollar-hits-ssp730#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-plummets-to-new-low-as-dollar-hits-ssp730\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"South Sudan\u2019s local currency plummets to new low as dollar hits SSP730\",\"datePublished\":\"2023-01-27T17:59:35+00:00\",\"dateModified\":\"2023-01-27T18:33:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-plummets-to-new-low-as-dollar-hits-ssp730\"},\"wordCount\":173,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-plummets-to-new-low-as-dollar-hits-ssp730#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/01\/postQueueImg_1674829816.19.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-plummets-to-new-low-as-dollar-hits-ssp730#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-plummets-to-new-low-as-dollar-hits-ssp730\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-plummets-to-new-low-as-dollar-hits-ssp730\",\"name\":\"South Sudan\u2019s local currency plummets to new low as dollar hits SSP730 - 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