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South Sudan currency sharply declines against dollar amid prices hike

Speaking to Sudans Post in Juba on Tuesday afternoon, several traders said United States Dollar rate has sharply risen from 450 SSP against $1 on Sunday, to 500 South Sudanese Pounds by Monday evening.

by Sudans Post
September 7, 2021

Man (hands seen) holds sum of South Sudanese Pound in the black market in Juba [Photo by ELRHA]
Man (hands seen) holds sum of South Sudanese Pound in the black market in Juba [Photo by ELRHA]
JUBA – South Sudan is witnessing an accelerating economic decline amid continued deterioration in the exchange price of the South Sudanese pound, a rising inflation rate and a great hike in the prices of essential commodities.

Speaking to Sudans Post in Juba on Tuesday afternoon, several traders said United States Dollar rate has sharply risen from 450 SSP against $1 on Sunday, to 500 South Sudanese Pounds by Monday evening.

“As I speak to you currently, I haven’t sold any dollar today, but the last price I remember yesterday is that the dollar was being traded for 500 South Sudanese Pounds up from 450 South Sudanese pound last Sunday,” the trader who requested not to be named said.

Asked what he sees in the week ahead, the trader said there are always hopes that the economy improve, but said any possible change in the state of economy cannot be speculated saying “let’s wait for it.”

“We cannot speculated what we think will come, all of us we need change in the economic system in the country, now you cannot take your money to the bank because when you go there the next day, they tell you there is no money,” the trader added.

Last month, economist and Vice Chancellor of Dr. John Garang Memorial University Abraham Matoc said South Sudan government should intervene in free market economy to adopt price control to protect low-income consumers.

Professor Matoc said the assumption of a free-market economy can’t prevent government from regulating prices of commodities in the market and argued that South Sudan is still developing economically which makes it possible for the government to regulate the prices of commodities.

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Comments 5

  1. makuei madol says:
    4 years ago

    That is greatful for southern sudan people to let economic will be strong .

    Reply
  2. Gol Bol says:
    4 years ago

    “South Sudan currency sharply declines against dollar amid prices hike”

    Where do those traders who don’t want to be named get their damned US dollars from? Even an economy 101 expert knows, the US and her numerous bunch cartels posing as USAID, NGOs, Think-tanks et all can destroy a country their desperately need to control. And this why, our bunch of fools have been informed times and times again, to let South Sudan go back to her old roots. US and her damned so-called ANGLO-AMERICAN empire allies have turned out not to be our allies after all, but our people and our country’s existential enemies.

    Who says, white people gives a damned about black people? Some South Sudanese who to US and the devil infested of England, know who American-Americans or African-Caribbean are treated there. South Sudan and South Sudanese people are always used ‘as a bench mark/threshold’ to measure ‘RACISM and HATRED’.

    Bantus low lives are even considered superior to South Sudanese, however, South Sudanese are not par with the Bantuses. Our cloned so-called arabs of North Sudan are even considered superior to us and so do the Abeshas (so-called ethiopians) prostitutes. Just look at hand on the picture hold that money, it was taken. By a criminal (s) who have been posting propaganda here on ‘Sudans Post, to emphasis how ugly South Sudanese are’.

    Herein Jonglei state, we know to handle our enemies. And here in Jonglei and Upper Nile, people are quick learners and are very very ‘racists and revengeful than Arabs’, English people and white Americans. Here in Jonglei, any trader who would want to sell a foreign currency must ‘be a registered foreign exchange trader’. Or else, he/she would be taken as ‘an enemy of South Sudan and the South Sudanese people.

    Fellows, there are some people, who have been push too against the wall, for quite too long. And this people as us, There are some limits of making a living over the backs other people and their countries.

    This Sudans Post, was citing Dr. John Garang Memorial University’s non-existent economist,

    “South Sudan is witnessing an accelerating economic decline amid continued deterioration in the exchange price of the South Sudanese pound, a rising inflation rate and a great hike in the prices of essential commodities”

    When was South Sudan’s economy accelerating? “continued deterioration in the exchange price of the South Sudanese pound” There you go!!!. Who give a damn about ‘Pound’. deterioration? Burn the dambed pound and be done with it. Using the damned pound, the evils in the devil infested island England, think, we are part of the so-called ANGLO-AMERICA or Commonwealth countries. Good luck to the vermins/parasites/viruses. We says we consider these vermins/parasites/viruses anything?, Who really says?

    Omar Hassan El Bashir let us used denair (denarion), a form silver coin that were in by Romans in today’s Israel, Middle East, and some European countries. Our ancestors sometimes used to use ‘denarion’ when interact trade with ‘the Roman subjects’.

    The Biblical Jesus of Nazareth, was allegedly betrayed by his own disciple, Mr. Judas Iscariot. With 30 coins of silver [The Romans just framed Mr. Judas Iscariot]. Mr. Jesus of Nazareth and his disciple caused a stir to then Roman Empire outpost in Middle East, and Africa and far East. And they were to be *reined at all costs, and because, money, wealth, power and sex are so tempting to human beings*

    And the Romans succeeded for a short time at least.

    Who gives a damn about using Pounds? A few countries are the ones who are going to the US dollars, British pound if at all, they can survive our bombings. Reasons, pure HATRED and RACISM. Fellows, be very very careful. Don’t they used Kenyan Shillings, Tanzania Shillings, Ugandan Shillings, Abesh (so-called ethiopa) prostitute birr? Yeah, It is all about South Sudan, South Africa rand?!!. Turkey (Ottoman) lira?!!, Saudi Arabia (rial)?.

    Syria Pound, our Egypt pound, our cloned so-called Arab of North Sudan pound?. What do you low lives smoke? The evil juus (so-called israel) attack dog (Shekel).

    Do you lives know what ‘shekel means—war or work in Arabic?!!!. In 2012, right after South Sudan got her independence from our cloned Arab North Sudan, some low lives who went to that evil juus (so-called israelis) attack dogs were *immediately depotarted back to South Sudan and given $3000 dollars and were told, by Mr. Benjamin Netanyahu and his Zionist criminals, that South Sudanese people are the ones who *blackened Jewish souls and lives*?!! Oh really?!!!. The evil juus (so-called israelis) attack dogs are not going to reach *Poland or New York* Reasons, pure HATRED and RACISM. The vermins/parasites/viruses to look for a place to hide.

    And look for their *Manhattan project 2.0 or Einsteins*. I am one of the boys who is again going to help bomb our cloned so-called arabs of North Sudan, Eastern Jerusalem, Tel Aviv international airport would be ‘a parking lot; Bole International airport would be parking lot, Jomo Kenyatta international airports (JKIA), in Nairobi, Kenya. Would be a parking lot, Saudi Arabia King Fahard international airport would be a parking lot, In Mecca and Medina, reasons, pure HATRED and RACISM>>>>>

    Tgo and give some Nigerians,

    Reply
  3. Bened makuer makoi says:
    4 years ago

    The government is working hard to stabilise economic growth which is oil refinery with in the country

    Reply
  4. Bened makuer makoi says:
    4 years ago

    The government is working hard to strengthen its economic growth strategy, to establishing oil refinery with in the country

    Reply
  5. Majak Makur Makooi Ghar says:
    4 years ago

    The Government of South Sudan must keep on empleymenting the policies of improving the Economy of this great nation

    Reply

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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.

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