![South Sudan information minister and government spokesman Michael Makuei Lueth addressing reporters during a press conference at the ministry of information in Juba on January 19, 2021 [Photo by Sudans Post]](https://i0.wp.com/www.sudanspost.com/wp-content/uploads/2021/01/0F1CCDBF-8E4E-4569-85FB-4CD7F49A8E95.png?ssl=1)
JUBA — The government of South Sudan is forecasting further decline in the exchange rate of the U.S dollar against South Sudanese Pounds.
Speaking to reporters during a cabinet of Ministers meeting in Juba on Friday, Information Minister who is also the government Spokesman, Michael Makuei Lueth said there is going to be a significant drop in the exchange rate of the dollar against the pound.
“One U.S dollar has dropped in value from SSP 62,000 to 45,000 and it has been stable at 45,000 for a reasonable period. There is hope that this will continue,” Makuei told reporters during a cabinet meeting on Friday.
Lueth warned traders against hoarding of goods with the aim to increase the price once the dollar rate surge against the local currency.
“My advice to business people and the traders is that the value of the pound will not go down any longer but continue to be strong,” he said.
“Instead of keeping prices high, they should come down to the normal prices so that they don’t continue to cheat the people of South Sudan based on the market value of the dollar,” he added.
He disclosed that the cabinet has directed the Economic Committee to study best ways to sustain the value of the dollar against the pound low.
“The Committee has been directed to continue with studies and the context so that we can see how best we can move forward from here and sustain the low value of the dollar so that our economy can improve,” he disclosed.
“The government of South Sudan is forecasting further decline in the exchange rate of the U.S dollar against South Sudanese Pounds.”
A few countries on this planet are going to be using your damned so-called US dollars lowly informed South Sudanese idiots. Your evil white Americans, white English people, your cloned so-called Arabs of North Sudan, Abeshas (so-called ethiopians) prostitutes, some of their Bantuses, their evil juus (so-called israelis), their UN, their sleazy NGOs and their gulf Arab states’ financiers have attached themselves to our country and over our people like ‘leeches or ticks’.
Fellows, pure HATRED and RACISM is here. South Sudan is not part of your damned so-called *ANGLO-AMERICAN empire, never has and will*
The evils have been courting our country and our people. To borrow money from their damned *so-called World Bank and the IMF*.
No country here in Africa, Asia or South America is being *duped to be by those parasites/vermins* again. And if any South Sudanese with ‘a chicken brain’ ever bring these hyenas into our lives and over our people again and he/she would be as good as dead. Reasons, pure HATRED and RACISM
Dear management of Sudan post.
I appreciate your hard work .
But I want to assure you that however hard you are please stop picking stories from N0.1Citizen daily newspaper and you claimed to be your own story this is not the first time you are doing without crediting the Newspaper.
I just warn otherwise it is not good I’m talking about this story “Government predicts further drop in dollar rate” it was in our Saturday’s publication titled “Gov’t expects further drop in dollar rate” . And even you copy and past the content of our story.
Thanks for your understanding .
Kiden stela Mandela
Thanks for bringing this to our attention. We will find out why one of our reporters is picking stories from local newspapers without giving credit!
Thanks, Sudans Post editorial team!
the prices of the commodity need to reduced that will make the south sudan pound will gain value but if we still sell at things at hight prices then nothing will.