What people call Inflation in South Sudan is not inflation in itself but business inflation
By Abraham Majur Mading, Kampala, Uganda
December 2, 2015 (SSB) — The increase of foreign currency tariff against South Sudanese local currency surrogate but the general rise in commodity prices and wage rates which is inevitable consequence of inflation, which are the partially case base on ignorance, base on the fact that we are really did not understand sufficiently well.
It is sobering fact that the standing of South Sudan central bank has coincide with general tendency inflation towards more inflation not less. If the overriding objective of South Sudan central bank is price stability, the truly unique power of central bank is to create the value of the nation currency and the ultimately is to destroyed the inflation rates of foreign currency against the local currency.
A nation exchange rate is the single most important price in it economy, it can influence the entire range of individual price, imports and exports and even the level of economic activity. So it is hard for the government to ignore the large swings in it exchange rate.
Those who know in what direction we are going should do well to give their attention not to the politicians but to the future of our nation to be the faith of tomorrow. Panic does not destroy the nation economy but the merely reveal the extent to which it has been destroyed by it betrayal into hopelessly unproductive work.
It is we to be regretted later that the rich and powerful too often bend the acts of government to their selfish purpose. South Sudanese citizens have already seen the effects in the wild spirit of speculation in the public and the various kinds which within the best year of 2014- 2015 upon much whole host of our citizens and threatened to pervade, South Sudan leaders are without patriotism and without decency. Their sole objective is to gain their personal interest.
It is not by encouraging this spirit that we shall best preserve public virtue and promotes the true interest of our nation. But if our currency continue as exclusively paper as it now is, it will foster this eager desire to amass wealth without effort.
We have all been denial at some point in our lives by the government of South Sudan, fact with truth too painful to accept, rejection seems the only way to cope under this circumstance facts no matter how detailed or irrefutable rarely make difference. It is corrupting the public morals; it is also converting the business of the country into gambling and seriously diminishing the effort of our country.
It is not expected that for citizens to be more honest than the government under which the live and the government of South Sudan refuse to pay it notes to it citizens.
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