South Sudan Suspend Use Of US Dollars And Directed All Transactions To Be Done in SSP
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The government gave a specific directives suspending the use of US Dollars in the country and instructed that all transactions in the country should be in South Sudanese Pounds (SSP).
The directive is came as a measure recommended by a team delegated by the president to help solve the economic crisis in the nation.
All transactions in the country are conducted using the Dollars because of the volatility of the South Sudan Pounds (SSP).
This triggered the government to opt for measures to help boost the local currency by setting extreme measures of insuring that all transactions in the nation must be carried out in South Sudanese Pounds.
National Information Minister, Hon. Michael Makuei Lueth said that, all commercial contracts must be done in our local currencies.
“That is a clear directive from the Central Bank that all the transactions in South Sudan must be done in our currency. So all commercial contracts must be signed in our local currency,” Hon. Michael said.
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