Monday, November 25, 2013

Devaluation of South Sudanese Pound

The Sudd Institute, an independent research institution based in Juba, published a brief report by Adel Sandrai on 17 November 2013 titled "Devaluation of South Sudanese Pound: A Sound Economic Policy in Unsound Economic Environment."  The Bank of South Sudan surprised South Sudanese on 12 November 2013 when it announced a 34 percent devaluation of South Sudan's pound.  The National Legislative Assembly immediately expressed concern about the announcement.  The decision does close the gap between the official exchange rate and the black market rate. 

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