Browsing: South Sudanese Pound

Will South Sudan’s currency devaluation prove strategic or worthless?

The guns on the plains of South Sudan seem to have fallen silent. But there is a more severe battle going on. The country is experiencing on of its worst financial crisis since its independence with prices of basic goods skyrocketing to unprecedented levels. 

 Some news agencies are reporting that communities are opting to live in UN refugee camps, where they are assured of a meal and shelter rather than live in their own homes. The central bank is unable to intervene and reduce the country’s skyrocketing inflation rate, which now stands at 35%. 

The situation has been attributed to multiple issues. The country has hardly been peaceful since it gained independence from Sudan. There has been heightened political animosity which has often led to full-blown military conflict.  

There has been little or no investment to a point where the UN has considered paving some of the roads in the