{"id":56846,"date":"2024-04-21T15:19:02","date_gmt":"2024-04-21T15:19:02","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/boss-to-set-up-foreign-exchange-auctioning-system"},"modified":"2024-04-21T17:07:23","modified_gmt":"2024-04-21T17:07:23","slug":"boss-to-set-up-foreign-exchange-auctioning-system","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/boss-to-set-up-foreign-exchange-auctioning-system","title":{"rendered":"BoSS to set up foreign exchange auctioning system"},"content":{"rendered":"<p><b>Matik Kueth<\/b><\/p>\n<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Sudan. <\/strong><\/span>The Bank of South Sudan intends to implement the Electronic Foreign Exchange Auction system utilising the refinitiv financial platform.<\/p>\n<p>According to a statement obtained by The City Review on Friday, Peter Majok, Acting Director of the bank\u2019s Financial Department, stated that the Foreign Exchange auction system is part of the London Stock Exchange Group and allows entities to participate in foreign exchange auctioning via the system without physically being present at the bank\u2019s premises.<\/p>\n<p>\u201cAs part of modernizing the banking sector, the Bank of South Sudan is introducing the Electronic Foreign Exchange Auction System through Refinitiv Financial Platform part of London Stock Exchange Group which allows regulated entities to participate in the foreign Exchange auction through its platform without physical presence at the Bank\u2019s premises,\u201d Majok said.<\/p>\n<p>He said all forex bureaus are required to have active bank accounts with the country\u2019s commercial banks, which include Buffalo Commercial Bank, Cooperative Bank, Eco-Bank, Equity Bak, Ivory Bank, Kenya Commercial Bank, Kush Bank, National Bank of Egypt, and Stanbic.<\/p>\n<p>Majok noted that the present auction mechanism will expire on April 24, 2024, adding that the Bank of South Sudan shall announce the names of other institutions when they come on board.<\/p>\n<p>\u201cAnd all foreign exchange auctions will be conducted through the new electronic platform. The BoSS will also communicate names of additional banks once they get on boarded on the platform,\u201d he stated.<\/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>Matik Kueth Africa-Press &#8211; South-Sudan. The Bank of South Sudan intends to implement the Electronic Foreign Exchange Auction system utilising the refinitiv financial platform. According to a statement obtained by The City Review on Friday, Peter Majok, Acting Director of the bank\u2019s Financial Department, stated that the Foreign Exchange auction system is part of the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":56844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,557,3504,4761,4762,233],"class_list":["post-56846","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-bank","tag-boss","tag-currency","tag-peter-majok","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>BoSS to set up foreign exchange auctioning system - South Sudan<\/title>\n<meta name=\"description\" content=\"The Bank of South Sudan intends to implement the Electronic Foreign Exchange Auction system utilising the refinitiv fina ...\" \/>\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\/boss-to-set-up-foreign-exchange-auctioning-system\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BoSS to set up foreign exchange auctioning system\" \/>\n<meta property=\"og:description\" content=\"The Bank of South Sudan intends to implement the Electronic Foreign Exchange Auction system utilising the refinitiv fina ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/boss-to-set-up-foreign-exchange-auctioning-system\" \/>\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=\"2024-04-21T15:19:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-21T17:07:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/04\/sm_1713706336.614466.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\/boss-to-set-up-foreign-exchange-auctioning-system#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/boss-to-set-up-foreign-exchange-auctioning-system\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BoSS to set up foreign exchange auctioning system\",\"datePublished\":\"2024-04-21T15:19:02+00:00\",\"dateModified\":\"2024-04-21T17:07:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/boss-to-set-up-foreign-exchange-auctioning-system\"},\"wordCount\":261,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/boss-to-set-up-foreign-exchange-auctioning-system#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/04\/sm_1713706336.614466.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"Bank\",\"BOSS\",\"Currency\",\"Peter Majok\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/boss-to-set-up-foreign-exchange-auctioning-system#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/boss-to-set-up-foreign-exchange-auctioning-system\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/boss-to-set-up-foreign-exchange-auctioning-system\",\"name\":\"BoSS to set up foreign exchange auctioning system - 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