JUBA – South Sudan’s Central Bank is committed to a flexible exchange rate of the US dollar against South Sudanese pound (SSP), the bank’s governor, Moses Makur Deng, said on Friday.
Deng also said they have managed to unify the multiple exchange rates, thus stabilizing the rate.
Deng believed that a fixed exchange rate policy will salvage the deteriorating economic situation in the country.
“The bank remains committed to the unified exchange rate and to keep the foreign exchange market free from other impediments, to ensure that business and household remain able to purchase foreign currency at a predictable and competitive rate,” Deng told reporters during Friday’s press conference in Juba.
The rate of the US dollar was initially fixed against the pound, but in December 2015, the government decided to let the rate be determined by demand and supply.
The floating exchange rate gives room for speculators to monopolize the dollar.
Deng said the bank is taking steps to reduce the impact of higher prices on people’s livelihoods.
“The bank is keeping money growth below its growth ceiling of 10% per year, to ensure that the external pressure on prices in South Sudan are not compounded by excessive money growth domestically,” he said.
The BoSS chief disclosed that the ministry of finance has been paying salaries on a regular basis, including arrears thus leading to excess liquidity in the market,
He added that the decision by the ministry of finance to end deficit financing has helped the economy to stabilize.
South Sudan has seen a significant increase in inflation.
The South Sudanese Pounds, SSP have been depreciating against the U.S dollar rapidly over the last two weeks.
According to the latest exchange rates, one SSP is now selling at 490.6856 and buying at 476.1826.
‘Central bank commits to flexible exchange rate’
Sudans post, just take the bitter pill and get your propaganda machine out of South Sudan and the South Sudanese people in peace, before we put our hands you. We have frankly informed you, no country is going to use, the US dollar on this planet earth, I promise you.
*One front military, second front financially and third front, pure HATRED and RACISM*. Didn’t I tell you before that using ‘pound doesn’t mean anything——in fact, our empty headed elders, were the ones, who insisted on ‘pound’. The devil worshipers, bloodsucking vampires, secret cabals, vermin/parasites/viruses/pests of *our cloned so-called so-called Arabs of North Sudan, Abeshas (so-called ethiopian) prostitutes, Bantuses, white Americans, English people, their evil juus (so-called israelis) attack dogs, their gulf Arab states’ terror exporters and financiers, white Americans, English people, Dutch (so-called Afrikaans), Portuguese, Italians, Indians, Pakistanis, Nepalese, Bangladeshis, Sri Lankans, gays, lesbians or LGBTQs, their UN and NGOs who covet our country and our people to death, and who think, they can always use our country and our people as their ‘benchmark’ to test the water on how much, we hate them.
We are going to occupy Kenya, kill all *the Bantuses, white Americans, English people, their evil juus (so-called israelis) attack dogs, their gulf Arab states’ terror exporters and financiers, white Americans, English people, Dutch (so-called Afrikaans), Portuguese, Italians, Indians, Pakistanis, Nepalese, Bangladeshis, Sri Lankans; destroy united nation environmental program (UNEP), Giri Giri, Nairobi, reasons, pure HATRED and RACISM*.
*Kobils and Kenols* will be destroyed. Reasons, pure HATRED and RACISM.
*Azimio la Umoja* is not going fly here in South Sudan* Take it our leave it. The Nile. We are not part of so-called *ANGLO-AMERCIAN empire, never has and will never ever will under the sun or even in million years. we are not part so-called commonwealth countries, never has and will never ever will under the sun, on even million years. Reasons, pure HATRED and RACISM.
The Nile is controlled by the owners——us. *AFRICA UNITY and REGIONAL INTEGRATION*? Fellows, ‘Lake Victoria’, we are going to find out who will have the last laugh on this planet earth Where is Mr. Pope Francis, former Argentina scrounger? Romans are not our equals, not in slightest. Read this books: The government inspector by Nikolai Gogol (incognito)——is a Russian or Ukraine, it is a good drama.
‘Russians, Germans, Chinese, Japanese and other countries are the ones which can ‘dare challenge us’, otherwise, *the Bantuses, white Americans, English people, their evil juus (so-called israelis) attack dogs, their gulf Arab states’ terror exporters and financiers, white Americans, English people, Dutch (so-called Afrikaans), Portuguese, Italians, Indians, Pakistanis, Nepalese, Bangladeshis, Sri Lankans, their UN and NGOs are wasting their damn times and our times, we are the ancient Egyptians*
*Get your rubbish away from South Africa, Kenya and take it Western Australia, and Northern Territory, we are going to bomb you there as well. “Survival for the fittest” Charles Darwin—an English incest piece of shit. Indigenous people survive and Torres strait islanders (they say they have relation with Tanzania)—–that is 100% true, East Timor, West Papua, Papua New Guinea (PNG), Fiji, Norfolk Island (allegedly Mr. Bligh —–rum created island), Yeah?!!, It is an Independent island in Asia and pacific, Cook island is independent country, Norfolk island citizens are respected in NSW, Queensland and by Australian people, their cousins, New Zealand and pacific islanders>>>>>