![Man (hands seen) holds sum of South Sudanese Pound in the black market in Juba [Photo by ELRHA]](https://i0.wp.com/www.sudanspost.com/wp-content/uploads/2020/09/South-Sudan-Cash-Transfer.jpg?resize=1024%2C597&ssl=1)
This is according to daily exchange rate published by the central bank and unverified claims on social media suggest that 1 US dollar is being sold at 750 SSP in the black market.
The latest depreciation of the local currency comes less than a week after the central bank asked businesses to operate using the pound.
It also ordered local commercial banks to shut down government accounts with immediate effects.
South Sudan’s economy deteriorated following the outbreak of civil war in December 2013.
The deadly conflict resulted in the shutdown of oil fields with government diverting the little resources it had to war efforts.
Attempts by the government to revive the economy have proven futile as corruption has also been blamed for lose of large amounts of money.
I think it should be put under consideration coz the pound is really Lossing value than expected all there account should be blocked to save other