The dollar has suffered a further beating with the one USD going for SSP350 in the latest exchange rate. The City Review established that the strength of the US currency continued to depreciate further hence enabling the local one to have an edge.
On April 13, the Bank of South Sudan began the process of allocating US$3 million to 22 commercial banks and US$2 million to forex bureaus. BoSS governor Dier Tong Ngor described it as step towards salvaging the strength of the local currency and boosting the economy.
But shortly after that, the prices of commodities and services remained high despite the local currency receiving the facelift.
To establish why common citizens still paid exorbitantly for goods and services despite the currency strength, the City Review interviewed the Vice-Chancellor of Dr John Garang University, Dr Abraham Matoc Dhal during that time.