Connect with us

Business

Central Bank of South Sudan has announced plans to inject hard currency into the market to counter the rising inflation.

Published

on

The Central Bank of South Sudan has announced plans to inject hard currency into the market to counter the rising inflation.

ALSO READ President Kiir says gun can’t solve problems

Addressing journalists in Juba, Central Bank governor, Dier Tong Ngor did not disclose details, but said an unstated amount of US dollars will be released into circulation through commercial banks in the coming days.
The governor said the intervention will stabilize the value of the South Sudanese pound against the US dollar and ultimately bring down prices in markets.

The decision was reached at the bank’s regular monetary policy committee meeting held in Juba on Tuesday.

Trending

error: Content is protected !!