Central Bank of South Sudan asks people to use Sudan Pound as legal tender

The Bank of South Sudan is the central bank of the Republic of South Sudan. It was established in 2011 and is the youngest member (?) to enter the central bank club.

The central bank recently asked the public to use South Pudan as legal tender. People are using foreign currencies for their transactions and the central bank has warned that any sich foreign currency transaction will be penalised.

Well as Minsky famously said “Everyone can create money; the problem is to get it accepted“.  It is not as if people will not like to use South Sudan Pound, it is just that they dont see it is a stable currency.


One Response to “Central Bank of South Sudan asks people to use Sudan Pound as legal tender”

  1. Central Financial institution of South Sudan asks folks to make use of Sudan Pound as authorized tender – 52weekshares Says:

    […] Banks / Monetary Policy. You’ll be able to comply with any responses to this entry via the RSS 2.0 feed. You’ll be able to leave a response, or trackback from your personal web […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: