Bank of South Sudan keen for exchange rate reform

South Sudan

Exchange rate reform would allow the Bank of South Sudan to "focus on its core mandates" according to the International Monetary Fund, which believes the currency peg could "serve as an anchor for prices" if set at a realistic level.

South Sudan introduced its own currency – the South Sudanese pound – upon achieving independence in July 2011. It is pegged against the US dollar.

Both the IMF and the local authorities recognise the "severe capacity constraints" at the central bank and the "lack of

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