Wednesday, May 13, 2015

South Sudan: Inflation Compounds Cost of War

This is Africa published on 12 May 2015 an article titled "Inflation Compounds the Costs of War in South Sudan" by Mohammed Qazilbash, Mercy Corps country director for South Sudan. 

He notes that from December 2014 to March 2015, the South Sudanese pound lost about 26 percent of its value.  The official rate for the pound remains 3.1 to the US$1.  The informal rate of the pound rose in mid-April to 8.5 to the US$1.  This imposes additional costs on most South Sudanese who rely heavily on imported goods. 

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