• TERMS OF USE
  • PRIVACY POLICY
  • ETHICS COMMITTEE
  • SUBMITTING AN ARTICLE
Saturday, July 12, 2025
Sudans Post
  • HOME
  • NEWS
    • SOUTH SUDAN
    • SUDAN
    • REGION
  • EDUCATION
  • CORONAVIRUS PANDEMIC
  • PRESS RELEASES
  • OPINIONS & ANALYSES
  • ABOUT US
  • CONTACT US
  • عربي
No Result
View All Result
  • HOME
  • NEWS
    • SOUTH SUDAN
    • SUDAN
    • REGION
  • EDUCATION
  • CORONAVIRUS PANDEMIC
  • PRESS RELEASES
  • OPINIONS & ANALYSES
  • ABOUT US
  • CONTACT US
  • عربي
No Result
View All Result
Sudans Post
No Result
View All Result

S. Sudan central bank chief says new banknote will strength value of local currency against dollar

Governor Dier Tong Ngor said he believe move will strengthen the value of pounds against the U.S dollar.

by Sudans Post
February 9, 2021
South Sudan Central Bank Governor Dier Tong Ngor [Photo by Emmanuel Akile/Eye Radio]
South Sudan Central Bank Governor Dier Tong Ngor [Photo by Emmanuel Akile/Eye Radio]

JUBA – South Sudan’s Central Bank on Tuesday introduced a new banknote of SSP1000 denomination, a move which they believe  will strengthen the value of pounds against the U.S dollar.

“This new higher value the denomination will only partially restore the dollar value of SSP in 2011, but high enough to significantly reduce the deadweight loss and high transaction cost in making high-value purchases in a cash-based economy like South Sudan,” said Dier Tong Ngor during the press announcement of SSP 1000 banknotes into circulation in the bank’s headquarters in Juba this morning.

Dier cautioned the public against misinterpreting the introduction of the new banknotes.

“The introduction of these high-value notes should not be misinterpreted to means a shift from the Central Bank’s policy of promoting  the use of electronic modes of payments,” Dier told reporters during the press announcement.

Tong said that the bank will embark on a nationwide campaign to educate the general public on key security features of the new denomination.

“I urge all of us to enlighten our people about the SSP 1000 banknotes features to facilitate the detection of fake currency notes,” he said.

“Our aim is to align the structure of the banknote with the needs of the people who use it for their daily transactions. We need banknotes that are convenient, high quality, secure, and cost-effective,” he added.

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on Pinterest (Opens in new window) Pinterest

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sudans Post

Sudans Post is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Sudan, South Sudan and East Africa, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the two countries and the region.

SUDANS POST

  • ABOUT US
  • Client Portal
  • Client Portal
  • CONTACT US
  • ETHICS COMMITTEE
  • LoginPress
  • PRIVACY POLICY
  • SUBMITTING AN ARTICLE
  • TERMS OF USE

RECENT NEWS

  • Central Equatoria, SSRA to resolve taxation disputes
  • National, state governments discuss Jonglei dire humanitarian crisis

SUBSCRIBE TO SUDANS POST

Get the news delivered right into your inbox and subscribe!

Loading
  • PRIVACY POLICY
  • TERMS OF USE
  • ETHICS COMMITTEE
  • SUBMITTING AN ARTICLE

Copyright © 2019–2025 Sudans Post - All rights reserved.

No Result
View All Result
  • HOME
  • NEWS
    • SOUTH SUDAN
    • SUDAN
    • REGION
  • EDUCATION
  • CORONAVIRUS PANDEMIC
  • PRESS RELEASES
  • OPINIONS & ANALYSES
  • ABOUT US
  • CONTACT US
  • عربي

Copyright © 2019–2025 Sudans Post - All rights reserved.