JUBA – United States Dollar is now dropping further against local currency in South Sudan as the country’s Pound is now traded at SSP450 against $1 and traders are telling Sudans Post that they expect further decline of USD’s value.
This sharp decrease of the dollar price, which was traded at 550 South Sudanese Pound last week, is attributed to latest government injection of $3 million into the market as part of its plans to recover the economy that has been hit by a 7-year-old conflict.
Speaking to Sudans Post on Tuesday evening, traders at JUBA Market said 1 United State Dollar was being traded at the rate of 450 South Sudanese Pound and expecting further decline of the Dollar’s value as government is also said to be dispatching $5 million more this week.
“As I speak to you, one United States Dollar is 450 South Sudanese Pound,” one currency trader who declined to be named told Sudans Post in Juba. “Because we also expect more money from the Central bank this week, the dollar is expected to go down further even more than what it is now.”
Last Tuesday, South Sudan’s central bank chief, Dier Tong Ngor, the government will be selling more money to local banks every week to help traders acquire foreign currencies needed to purchase essential food commodities from abroad.
“Today we started the auction for banks, we have just auctioned 3 million dollars to commercial banks this morning, 22 banks participated in this auction, out of these 22,20 banks manage will access forex resources at various rate based on the auction or the bid that they have given in,” Tong told reporters in Juba on Tuesday last week.
“We will continue to conduct this affix auction for some time until we feel that the market is supplied with sufficient resources and the key players are able to take their role in the market whereby the prices or exchange rate will be determined based on the forces of supply and demand in the market,” Ngor added.
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“Dollar drops further against pound as $1 is sold at SSP450”
What are these piece of trashes up to? No one is going to use the damned so-called *pound*, never ever again. By using pounds, the evils in the devil infested island of England, think, our country and our people are parts of their so-called *ANGLO-AMERICA empire or their so-called their so-called *Commonweal Countries*, or that our people are their slaves.
Good luck lowly informed South Sudanese fools. We have informed you and our enemies our lowly informed fools that *the Indians, Pakistanis, Nepalese, Bangladeshis, Sri Lankans; Bantuses in central Kenya towns of *Nanyuki, Laikipia, Naivasha, Nairobi, Adis Ababa, Port Jesus (Mombasa), Mozambique, Botswana, Malawi, Zambia, Zimbawe (our best ally), Lesotho, South Africa, Namibia or Dar El Salam.
Tanzania is not part of the so-called *ANGLO-AMERICAN empire*. Tanganyika + Zanzibar = equals (Tan-zania), says Mr. Jules Nyerere. During the so-called *COLD WAR* the lowly educated piece of trash, Mr. Ronald Reagan, was used by his low lives in 1980th-1990th as their so-called *ANGLO-AMERICAN propaganda machines* during their so-called *COLD WAR*.
The Masaais where even *talked down by these vermins/parasites* that they are going to go and dance in their so-called *UNSC building with no shoes*. There you have it.
Lowly informed fools, WW3 is going to start here in South Sudan. ‘We are the Ancient Egyptian lowly informed South Sudanese fools’. Pure HATRED and RACISM is here. There will be *FIRE WORKS*. Put pressure, put pressure, put pressure on *South Sudan and the South Sudanese people, and get away with it if you lowly informed can try*, but for all a I care, you are going to be *BOMBED OUT OF THIS PLANET EARTH, ONCE and FOR ALL, REAOSN, pure HATRED and RACISM*>>>>
Tanzania, Burundi,