South Sudan unveils banking measures to curb hoarding ...Sudan

sudantribune - Local News
South Sudan unveils banking measures to curb hoarding
source : sudantribune ( Sudan ) () 131
March 12, 2024 (JUBA) – The Central Bank of South Sudan Bank has unveiled measures to curb hoarding, a strategy aimed at controlling the exchange rate amid rising consumer prices in a country grappling with a raft of issues spanning economic, security and shaky implementation of the 2018 peace agreement. In a statement issued on Tuesday, the Directorate of Communications explained that the new measures were agreed upon by the leadership of the Central Bank. “South Sudan Bank is rolling out the measures to encourage members of the public and private business to use the existing banking and financial institutions for cash deposits. Statistics indicate that over 80 percent of currency in circu

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