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, exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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