Central Bank Urged To Speed Up Introduction Of Coins The Eastern Equatoria State Legislative Assembly (EESLA) Chief Whip, Hon. Tobiolo Alberio Oromo has criticized the absence of South Sudanese coins and appealed to the Central Bank of South Sudan to promptly introduce or circulate so that people are able to buy small commodities. 05 September 2011 Central Bank Urged To Speed Up Introduction Of Coins Hon. Tobiolo Alberio Oromo speaking to Gurtong Correspondent at Hotel Torit premises [©Gurtong]
By Peter Lokale Nakimangole TORIT, 5th September 2011 [Gurtong] – The Eastern Equatoria State Legislative Assembly (EESLA) Chief Whip, Hon. Tobiolo Alberio Oromo has criticized the absence of South Sudanese coins and appealed to the Central Bank of South Sudan to promptly introduce or circulate so that people are able to buy small commodities. Honourable Tobiolo’s concerns were echoed by the public as they remain sceptic over the delay despite the promise by the Central Bank’s Governor Cornelio Koryom Mayik. Late last week media outlets across the country quoted the CBSS’ Governor Koryom announcing that SSP coins would be in circulation this month. South Sudanese preferred the minted coins to be called ‘piastress’, they also recommended its denomination to range between 1 - 50 piastresses while urging the central Bank to Mint and distribute as many coins as possible for circulation in the country. “Our people especially the peasants are likely to be in trouble as they have meagre income to buy commodities in the market. We need to consider the poor as well,” Tobiolo Alberio said. He said that if the move is effected, it would help meeting the public demands. The Chief Whip also described the legal tender notes already in circulation as ‘crisp and nice looking,’ the public appreciates all the different notes’ security features and layout, but questions the 10 and 100 notes for bearing similarity in look and recommends the two notes to have different features; something unique looking preferably dazzling carroty in yellow with a special security threading. The South Sudanese Banknotes [pounds] denominations currently in circulation are 1, 5, 10, 25, 50, 100 while all piastres which will be in coin form are expected to be 1, 5, 25, 50 coins, Bank officials have confirmed to Gurtong. 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.
