Central Financial institution of South Sudan asks folks to make use of Sudan Pound as authorized tender

The Financial institution of South Sudan is the central financial institution of the Republic of South Sudan. It was established in 2011 and is the youngest member (?) to enter the central financial institution membership.

The central financial institution recently asked the public to make use of South Pudan as authorized tender. Persons are utilizing foreign exchange for his or her transactions and the central financial institution has warned that any sich overseas forex transaction will likely be penalised.

Nicely as Minsky famously mentioned “Everybody can create cash; the issue is to get it accepted“.  It’s not as if folks won’t like to make use of South Sudan Pound, it’s simply that they dont see it’s a secure forex.

This entry was posted on January 24, 2023 at 4:19 pm and is filed underneath Central Banks / Monetary Policy. You’ll be able to comply with any responses to this entry via the RSS 2.0 feed.
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