JUBA – South Sudanese local traders blamed the high exchange rate of the U.S dollar against South Sudanese Pounds on a hike in prices of commodities in the markets.
“In fact, the current increase in prices has an upset market, and the market is not running, and as traders, we are just sitting idly in the shops,” Moses Sule, a trader at Suk Libya market told Sudans Post reporter on Thursday.
“You stay till you fall asleep, and the reason why people are not buying could be that there is no money in their hands.”
“The increase in prices is coming from above; it starts with taxes and the dollar rate. The hard currency has increased so much.”
Sule stressed the need to regulate the prices of essential commodities in the market.
“The market price needs to be regulated so that prices are reduced, we do not want the increases to increase, the customers cannot buy, and we need reasonable prices so that the customers can buy.”
The local currency has been falling drastically against the Dollars, shooting up the roof for the cost of living for ordinary citizens.
According to the latest exchange rates of the Central Bank, one SSP is now selling at 472 U.S dollars as of the 1st of June.
The high exchange rate has also pumped up prices of fuel with a little petrol jumping from SSP 450 to between SSP 650-8700.
Economists cite the spillover effect of the Ukraine – Russian war; others equated the situation to the ongoing sub-national conflict.
Despite the attempts by the Central Bank to inject more hard currency into the market by auctioning U.S dollars through commercial banks and forex bureaus, the exchange rate against the dollar remains high.
Another local trader who owned a shop at Nyakuron market, Assam Mohamed Ahmed, said that “The main problem affecting business is inflation; the increase in prices is due to increase dollar rate.”
Mohamed urged the Central Bank to fix the exchange rate of the U.S dollar against the pounds in order to control inflation.
“We want the dollar rate to be controlled and the prices will definitely be controlled, and when the dollar rate comes down, the price of basic commodities will also come down.”
Other traders blamed the skyrocketing prices on the multiple taxes levied by Juba City Council.
“The living cost is really going up, and there is no money,” Jackeline Poni, a customer Sudans Post reporter met at Libya Market said.
“The prices in the market are increasing every day, our call to small or large scale businesses is that we want prices to come down,” she said.
“We want the market process to be reduced because we want to feed our children. The cost of living is very too high, we are suffering because there is no food. We want the government to regulate prices so as to improve our cost of living.”
South Sudan is a landlocked country that relies entirely on imported goods from members of the East African Community.
Since becoming part of the East African Community, the African youngest nation has been complaining about multiple taxes impacting market prices.
Robert Pitia, Central Equatoria Chamber of Commerce warned unscrupulous businessmen against taking advantage of the rising demand for foodstuff to hike prices.
“We need change so that lives of our women and young people can change so that they can support their families because increasing prices anyhow is not goods. You should not increase prices,” Pitia warned unscrupulous traders.
‘Juba traders blame high dollar exchange rate on skyrocketing prices’
Who are those traders and what do the idiots know about the damned US dollar exchange rate? The idiots have been informed by the South Sudanese people in the know, to stop, their bullshits with the US, the UK, the evil juus (so-called israel) attack dog, their gulf Arab terrorists, the United nations mission in South Sudan (UNMISS) and their creepy NGOs.
These are the damn facts.
The almost all countries in Africa, have extricated themselves from the US and European loan shirks of *so-called world bank and the IMF*
Many African countries were handcuffed into ‘borrowing money from those European and American, banking cartels against those African countries’ resources and a few assets, they have, then cartels come and lecture African countries about cost cuttings, raising interest rates, raising prices of commodities etc.
And then got to back to Europe, the US and their tax avoiding havens like South Africa, Botswana, Kenya, Abesh (so-called ethiopia), Nigeria, Ghana, Senegal and Morocco in Africa. Tel Aviv, in devil juus (so-called israeli) attack dog, the United Arab Emirates (UAE) and TurKiye (now don’t want to be called Turkey) In Middle East. Malaysia, Singapore, Hong Kong, South Korea, Taiwan and Australia in Asia and Pacific. Bahamas, British virgin islands, Cayman islands,Panama, Chile and other shoddy countries and then passed their scams onto other people and laugh over their armpits that ‘we are all in this together’.
And the poorest countries ——so-called the most vulnerable people, specially in Sub-Saharan Africa countries, will be the most severely hit hard. And that South Sudan ‘the world newest nation & the world youngest country, is the most vulnerable. And on the verge of catastrophic humanitarian needs, that children malnutrition, women, girls and human rights etc. And that humanitarian aid and donations are urgently needed’.
Fellows, game is over. Abesh (so-called ethiopia) prostitute, our cloned so-called Arab North Sudan, Kenya, Uganda (our ally), Eritrea and Djibouti, live over the backs of other people and their countries all the times. But the low lives, have been caught with their pants down. With their cheap and dirty scams. AFRICAN UNITY and REGIONAL INTEGRATION, being touted by ‘devil worshipers, vampires, secret societies or cabals, vermins/parasites/viruses/pests who have badly attached their countries to our country and over our people like leeches or ticks. And they thought, it was a good idea, are it again. But they are playing with fire’
South Sudanese refugees are being used by the low lives in Kakuma, in Kenya, Northern Uganda and our Gambella, as hostages, bargaining chips and blackmails. Look for a place to hide fellows,. That we can live sides by sides, with our *cloned so-called Arab 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 & Financiers, Nigerians, Rwandans, Dutch, Portuguese, Italians, Irish, Indians, Pakistanis, Nepalese, Bangladeshis or Sri Lankans like in Southern countries of South African, Namibia, Lesotho, eSwani (Swaziland), Botswana, Zimbabwe (our Bantus best ally—-no white rubbishes again fellows, be warned), Angola, Mozambique, Zambia, Malawi, Rwanda, Burundi, Kenya? *Were Bantuses live sides by sides with devil worshipers, vampires, secret societies or cabals, vermins/parasites/viruses/pests*
Bantuses, worship white people, Indians, Arabs and the evil juus (so-called israelis) attack dogs, and that was precisely why they were *enslaved by the European countries and Americas, very badly* Bantuses, are not our equals, not in the slightest, we don’t consider them anything. here in our Nilotic valleys and plains’
Sierra Leone is named after mountain lion, a small-like-lion-in-the-Americas after the ‘end of slavery——-many African Americans (former Negroes), didn’t want to live sides by sides, with their ‘masters (enslavers), they wanted to come back to mother Africa, they were dumped ‘in present day Seirra Leone, and called the place where they dumped their former slaves ‘Freetown——to mean, they are now free people. African indigenous were not consulted’
Just next door to Sierra Leone, Liberia, many African Americans (former Negroes), didn’t want to live sides by sides, with their former masters (enslavers), they just wanted to come back to mother. They were dumped in ‘Liberia—–to mean liberated people, indigenous Liberian were not consulted, the place where they were dumped was named ‘Monrovia—–after former US president, Mr. Mr. James Monroe——‘remember MONROE DOCTRINE anyone’?
Some of therm were (African Americans former slaves) were dumped in *Nigeria, Senegal and of them self deported themselves to Ghana, west Africa*
There is this nonsense that ‘Liberia and Abesh (so-called ethiopia) prostitute’ are the only countries in Africa which were not ‘colonized by the Europeans’. We are the Ethiopians, we the Ancient Egyptians, the Jaangs/Jiengs/Jenges/Jongkoths/Muonyjiengs/Dinkas of the Sudan and Egypt’. These same Bantuses, like to Europe to run European countries, Arabs and their evil Juus (so-called israel) attack dog dog, and when they and find out the ugly parts of their masters, then they cry babies—–AFRICA UNITY and REGIONAL INTEGRATION?!! My arse, that is not going to happen the sun or even in million years, reasons, pure HATRED and RACISM>>>