{"id":32383,"date":"2023-02-19T16:15:52","date_gmt":"2023-02-19T16:15:52","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-continues-decline-against-dollar"},"modified":"2023-02-19T16:45:24","modified_gmt":"2023-02-19T16:45:24","slug":"south-sudans-local-currency-continues-decline-against-dollar","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-continues-decline-against-dollar","title":{"rendered":"South Sudan\u2019s local currency continues decline against dollar"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>South Sudan\u2019s local currency is witnessing one of its hard times since the outbreak of the country\u2019s deadly five-year-old civil war in 2011, losing a very good value of its strength against foreign currencies such as the United States dollar.<\/p>\n

Based on the official daily exchange rate published by the country\u2019s central bank on Saturday, 1 United States dollar is traded at 775 SSP.<\/p>\n

Traders in the parallel market sell it at 800 South Sudanese pound.<\/p>\n

This means that 100 US dollar is sold there at 80,000 South Sudanese pound, according to currency traders in the parallel market in the capital Juba.<\/p>\n

\u201cAs I speak to you, one hundred dollars is sold at 8100 South Sudanese Pound. We buy it are 795 or 800 South Sudanese pound and I believe that very soon, if not next week, we will have to sell it at 1000,\u201d one trader who requested not to be named told Sudans Post on Saturday evening.<\/p>\n

Last week, the bank said the rise in the strength of the US dollar against the local currency is partly due to the hikes of interest rates by the US Federal Reserve which it said has affected global economies.<\/p>\n

In a statement last week, the bank urged local banks to and forex bureaus to display their exchange rates openly in order to enable the public to deal with authorized dealers, rather than risking \u201cwith unreliable umbrella and streets dealers.\u201d<\/p>\n

\u201cThe Bank of South Sudan, in collaboration with the treasury reiterates its strong commitment to implementing the Revitalized Agreement reforms agenda of restoring macro-economic stability,\u201d the statement reads.<\/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 is witnessing one of its hard times since the outbreak of the country\u2019s deadly five-year-old civil war in 2011, losing a very good value of its strength against foreign currencies such as the United States dollar. Based on the official daily exchange rate published by the country\u2019s central […]<\/p>\n","protected":false},"author":84,"featured_media":32382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,233],"class_list":["post-32383","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-south-sudan"],"yoast_head":"\nSouth Sudan\u2019s local currency continues decline against dollar - South Sudan<\/title>\n<meta name=\"description\" content=\"South Sudan\u2019s local currency is witnessing one of its hard times since the outbreak of the country\u2019s deadly five-year-ol ...\" \/>\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-continues-decline-against-dollar\" \/>\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 continues decline against dollar\" \/>\n<meta property=\"og:description\" content=\"South Sudan\u2019s local currency is witnessing one of its hard times since the outbreak of the country\u2019s deadly five-year-ol ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-continues-decline-against-dollar\" \/>\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=\"2023-02-19T16:15:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-19T16:45:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/02\/postQueueImg_1676810764.25.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=\"2 minutes\" \/>\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-continues-decline-against-dollar#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-continues-decline-against-dollar\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"South Sudan\u2019s local currency continues decline against dollar\",\"datePublished\":\"2023-02-19T16:15:52+00:00\",\"dateModified\":\"2023-02-19T16:45:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-continues-decline-against-dollar\"},\"wordCount\":280,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-continues-decline-against-dollar#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/02\/postQueueImg_1676810764.25.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-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\/south-sudans-local-currency-continues-decline-against-dollar#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-continues-decline-against-dollar\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-local-currency-continues-decline-against-dollar\",\"name\":\"South Sudan\u2019s local currency continues decline against dollar - 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