{"id":41993,"date":"2023-08-15T13:40:59","date_gmt":"2023-08-15T13:40:59","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-mulls-currency-auction"},"modified":"2023-08-15T15:29:35","modified_gmt":"2023-08-15T15:29:35","slug":"central-bank-mulls-currency-auction","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-mulls-currency-auction","title":{"rendered":"Central Bank mulls currency auction"},"content":{"rendered":"<p><b>Deng Richard<\/b><\/p>\n<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Sudan. <\/strong><\/span>The Bank of South Sudan will be carrying out foreign exchange auction to allow the buying of foreign currency in exchange of SSP.<\/p>\n<p>BoSS invited all the eligible commercial banks and forex bureaus to participate in the auction so as to produce fair market value through competitive bidding.<\/p>\n<p>The bank states this will allow it to work with the commercial banks to make a smart buying decision on buying and selling.<\/p>\n<p>BOSS announced on their page that the event of the auctioning will take place on Thursday this week at the central bank\u2019s main branch in Juba City, located in Juba town.<\/p>\n<p>The bank also stated that qualified applicants will be permitted to quote any price of their choice during the time of bidding.<\/p>\n<p>The Chairperson for the Foreign exchange auction supervisory committee for the Bank of South Sudan, Grace Araba Gordon, said the auction process is governed by the bank of South Sudan\u2019s foreign exchange auction rules and procedures.<\/p>\n<p>\u2018\u2019The bidder with the highest reservation price will exercise his option to buy a portion of the offered quantity and pays his own bid price\u2019\u2019 IMF\u2019s commonest rule of Foreign exchange auction.<\/p>\n<p>Mrs Araba also said that during the working hours, the application forms and the booklets for the auction rules and procedures will be collected in her office at the Bank of South Sudan on that day.<\/p>\n<p><b>Source: The City Review South Sudan<\/b><\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/south-sudan\">South-Sudan<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deng Richard Africa-Press &#8211; South-Sudan. The Bank of South Sudan will be carrying out foreign exchange auction to allow the buying of foreign currency in exchange of SSP. BoSS invited all the eligible commercial banks and forex bureaus to participate in the auction so as to produce fair market value through competitive bidding. The bank [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":41992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,3504,233],"class_list":["post-41993","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-boss","tag-south-sudan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Central Bank mulls currency auction - South Sudan<\/title>\n<meta name=\"description\" content=\"The Bank of South Sudan will be carrying out foreign exchange auction to allow the buying of foreign currency in exchang ...\" \/>\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-mulls-currency-auction\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank mulls currency auction\" \/>\n<meta property=\"og:description\" content=\"The Bank of South Sudan will be carrying out foreign exchange auction to allow the buying of foreign currency in exchang ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-mulls-currency-auction\" \/>\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=\"2023-08-15T13:40:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-15T15:29:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1692100624.938566.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\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\/central-bank-mulls-currency-auction#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-mulls-currency-auction\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Central Bank mulls currency auction\",\"datePublished\":\"2023-08-15T13:40:59+00:00\",\"dateModified\":\"2023-08-15T15:29:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-mulls-currency-auction\"},\"wordCount\":256,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-mulls-currency-auction#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/08\/sm_1692100624.938566.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"BOSS\",\"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-mulls-currency-auction#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-mulls-currency-auction\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-mulls-currency-auction\",\"name\":\"Central Bank mulls currency auction - 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