South Sudan Currency Devalued 84% After Unpegging From Dollar – ValueWalk Premium

South Sudan Currency Devalued 84% After Unpegging From Dollar

South Sudan's currrency dropped 84% on Tuesday as the central bank freed the South Sudanese pound to trade at black market prices several times the official rate.

The Bank of South Sudan noted in a statement: “All foreign exchange business shall be transacted at market determined exchange rate”.


South Sudan's central bank adopted parallel market rate
Surrendering to prices charged in the black market,

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