{"id":54177,"date":"2024-03-06T10:06:31","date_gmt":"2024-03-06T10:06:31","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-unveils-plan-to-tackle-runaway-inflation"},"modified":"2024-03-06T10:18:56","modified_gmt":"2024-03-06T10:18:56","slug":"south-sudan-unveils-plan-to-tackle-runaway-inflation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-unveils-plan-to-tackle-runaway-inflation","title":{"rendered":"South Sudan unveils plan to tackle runaway inflation"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>South Sudan\u2019s government has announced measures to curb the country\u2019s rising inflation, including increasing non-oil revenues and subsidizing food prices.<\/p>\n

The plan was announced following a meeting between President Salva Kiir Mayardit and leaders of the economic cluster, such as the ministers of finance, petroleum and the governor of the country\u2019s central bank in Juba on Monday.<\/p>\n

Kiir emphasized the need for cooperation to stabilize the economy, according to the presidential press unit.<\/p>\n

Bangasi Joseph Bakosoro, speaking to the media after the meeting said \u201cthe meeting resolved the following: increase in non-oil revenue collections, supply of enough food into the markets at subsidized prices.\u201d<\/p>\n

Other measures include supplying more fuel, allocating funds to agriculture, auctioning hard currency to stabilize the exchange rate, banning street sales of foreign currency, and removing illegal checkpoints.<\/p>\n

Bakosoro emphasized the government\u2019s commitment to fighting inflation and creating a better economic environment.<\/p>\n

The South Sudanese pound has weakened significantly against the US dollar, leading to soaring prices and hardship for many families.<\/p>\n

The official exchange rate is SSP 1,518 per dollar, while the black-market rate is SSP 1,700.<\/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 government has announced measures to curb the country\u2019s rising inflation, including increasing non-oil revenues and subsidizing food prices. The plan was announced following a meeting between President Salva Kiir Mayardit and leaders of the economic cluster, such as the ministers of finance, petroleum and the governor of the country\u2019s central […]<\/p>\n","protected":false},"author":84,"featured_media":54176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,233],"class_list":["post-54177","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 unveils plan to tackle runaway inflation - South Sudan<\/title>\n<meta name=\"description\" content=\"South Sudan\u2019s government has announced measures to curb the country\u2019s rising inflation, including increasing non-oil rev ...\" \/>\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-sudan-unveils-plan-to-tackle-runaway-inflation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Sudan unveils plan to tackle runaway inflation\" \/>\n<meta property=\"og:description\" content=\"South Sudan\u2019s government has announced measures to curb the country\u2019s rising inflation, including increasing non-oil rev ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-unveils-plan-to-tackle-runaway-inflation\" \/>\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=\"2024-03-06T10:06:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-06T10:18:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/03\/sm_1709707699.465353.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-sudan-unveils-plan-to-tackle-runaway-inflation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-unveils-plan-to-tackle-runaway-inflation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"South Sudan unveils plan to tackle runaway inflation\",\"datePublished\":\"2024-03-06T10:06:31+00:00\",\"dateModified\":\"2024-03-06T10:18:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-unveils-plan-to-tackle-runaway-inflation\"},\"wordCount\":204,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-unveils-plan-to-tackle-runaway-inflation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/03\/sm_1709707699.465353.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-sudan-unveils-plan-to-tackle-runaway-inflation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-unveils-plan-to-tackle-runaway-inflation\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-unveils-plan-to-tackle-runaway-inflation\",\"name\":\"South Sudan unveils plan to tackle runaway inflation - 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