{"id":56106,"date":"2024-04-08T10:43:12","date_gmt":"2024-04-08T10:43:12","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/money-dealers-ordered-to-display-exchange-rates"},"modified":"2024-04-08T11:03:55","modified_gmt":"2024-04-08T11:03:55","slug":"money-dealers-ordered-to-display-exchange-rates","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/money-dealers-ordered-to-display-exchange-rates","title":{"rendered":"Money dealers ordered to display exchange rates"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>Bank of South Sudan Governor has directed authorized money exchangers to display currency rates at the business premises.<\/p>\n

This comes after he on Friday declared those unlicensed to trade in foreign currencies as illegal.<\/p>\n

The Bank of South Sudan had given street money ex-changers three months and some 45-day grace period to register and obtain licenses.<\/p>\n

According to Bank governor Dr Garang Alich, the directive came to an end on 1, April 2024.<\/p>\n

Dr Alic stated that any currency dealer who is not licensed is illegal and must cease selling and buying foreign currencies in the country.<\/p>\n

\u201cThe grace period of 45 days came to an end on the 1st of April. Now that the grace period has come to an end.<\/p>\n

\u201cWe have done everything in our power as a regulator and we are now saying from today to eternity thus the case, it is illegal to sell foreign currency in South Sudan if you do not have a license,\u201d he said during a press conference on Friday.<\/p>\n

Dr Alic is encouraging those still unlicensed to register with the Bank.<\/p>\n

\u201cYou are welcome to register your company any time if you have not done so. And if you are operating without a license, please come to the banks do you due diligence, go and do your business in a professional way.\u201d<\/p>\n

Meanwhile, he said those who have been licensed must have a shop within designated business premises and display the exchange rates.<\/p>\n

\u201cWhere do we expect people to buy and sell, not under trees, not next to the cars or bus stations but to do it within premises like any other business.<\/p>\n

\u201cAnyone selling, we expect them to have a shop and we are directing them to display the selling rate and the buying rate,\u201d he added.<\/p>\n

The move by the Bank Governor to regulate the financial market comes amid the spiraling inflation in the country.<\/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. Bank of South Sudan Governor has directed authorized money exchangers to display currency rates at the business premises. This comes after he on Friday declared those unlicensed to trade in foreign currencies as illegal. The Bank of South Sudan had given street money ex-changers three months and some 45-day grace period to […]<\/p>\n","protected":false},"author":84,"featured_media":56105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,233],"class_list":["post-56106","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":"\nMoney dealers ordered to display exchange rates - South Sudan<\/title>\n<meta name=\"description\" content=\"Bank of South Sudan Governor has directed authorized money exchangers to display currency rates at the business premises ...\" \/>\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\/money-dealers-ordered-to-display-exchange-rates\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Money dealers ordered to display exchange rates\" \/>\n<meta property=\"og:description\" content=\"Bank of South Sudan Governor has directed authorized money exchangers to display currency rates at the business premises ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/money-dealers-ordered-to-display-exchange-rates\" \/>\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=\"2024-04-08T10:43:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-08T11:03:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/04\/sm_1712561567.547284.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\/money-dealers-ordered-to-display-exchange-rates#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/money-dealers-ordered-to-display-exchange-rates\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Money dealers ordered to display exchange rates\",\"datePublished\":\"2024-04-08T10:43:12+00:00\",\"dateModified\":\"2024-04-08T11:03:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/money-dealers-ordered-to-display-exchange-rates\"},\"wordCount\":333,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/money-dealers-ordered-to-display-exchange-rates#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/04\/sm_1712561567.547284.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\/money-dealers-ordered-to-display-exchange-rates#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/money-dealers-ordered-to-display-exchange-rates\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/money-dealers-ordered-to-display-exchange-rates\",\"name\":\"Money dealers ordered to display exchange rates - 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