South Sudan Converts 1.8 Billion Sudanese Pounds South Sudan has now converted 1.771 billion of its old Sudanese Pounds to the new currency of South Sudanese Pounds; the Care Taker Minister of Information Hon. Marial Benjamin revealed on Friday in Juba. 21 August 2011 South Sudan Converts 1.8 Billion Sudanese Pounds Hon. Marial Benjamin briefing the press in Juba [©Gurtong]
By Waakhe Simon Wudu JUBA, 21st August 2011 [Gurtong] - South Sudan has now converted 1.771 billion of its old Sudanese Pounds to the new South Sudanese Pounds; the Care Taker Minister of Information Hon. Marial Benjamin revealed on Friday in Juba. While commending a smooth conversion of the currency, Marial who addressed the press shortly after the weekly meeting of the government Council of Minister said that, the Governor of the Central Bank, Kornelio Koriom presented a report on the currency conversion process. He urged South Sudanese to be prompt in converting the remaining pounds as soon as possible before the September 9, 2011 deadline. However, despite the Minister’s commendation on the conversion, many Counties in the new Republic are still behind in exchanging of the currency as they lack banking services to facilitate the process. During the release of the South Sudan Pounds, the former Governor of the Central Bank, Elijah Malok said that, two billion of the old Sudanese Pounds was in circulation in the country that may need to be converted before September, a move to prevent the country from realizing acute inflation. Meanwhile, the Information Minister disclosed that during the GOSS Council of the Ministers sitting on Friday, chaired by the Vice President, Dr Riek Machar, the council approved five million South Sudanese Pounds to the Juba Council Mayor. “The money was allocated by the national government to the Juba City Council under the Mayor, Mr. Mohamed Al Haj Babballa in appreciation of the good work done with his team during and after the South Sudan Independence celebrations,” said Marial. He said the money was allocated to support the Juba Council’s effort “to keep Juba clean and green.” Marial said the Council has urged the Mayor to exert efforts as the South Sudan government strategizes to improve the standards of Juba city as the national capital. Posted in: Home, Business -- You received this message because you are subscribed to the Google Groups "JFD info" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/jfdinfo?hl=en.
