Archive for December 22, 2015


By Ter Nguth, Juba, South Sudan

salary

salary

December 22, 2015 (SSB) — South Sudan is a country that gained it’s independent in 2011, after a long civil war that cost millions life. After that hard won independent, the country slid to another civil war that again uprooted citizens from their home, kill thousands of people and some under UN protection size, a war that cost too much destruction in term of economic.

After independent, the people were hoping for bright future if their economy was framed in a good way but that was not the case. The country central bank which is the custody of other bank and the last resort in decision making of the country’s monetary policy, the bank opt for fixed rate of its currency in term of others currencies. Fixed against either the value of another single currency, to a basket of other currencies, or to another measure of value, such as gold.

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By Hoi Samuel Dut, India

zimbabwe dollar

Introduction:

December 22, 2015 (SSB) — Depreciation in south Sudanese pound has become a very big worry for the south Sudanese Government and breaking news for the news channels these days. Pound has declined to its peak level since the outbreak of December 2013 war. and is expected to continue in coming days.

What is exchange rate or conversion rate: Each country has its own currency and when we convert currency of one country with that of another country, it is called conversion rate or exchange rate between the two countries. For example- 1USD= SSP 2.96 initially in central bank and 3.16 in forex bureaus which means if we convert 1 USD in SSP we will get SSP 2.96 and 3.16 in the forex bureau The conversion rate fluctuates on timely basis based on various factors such as demand and supply of each currency, inflation rate in country, interest rate prevailing in the country etc.

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By Arok John Garang Dut, Australia

Taban Deng Ghai and President Kiir, Juba, Dec 22 2015

Taban Deng Ghai and President Kiir, Juba, Dec 22 2015

December 22, 2015 (SSB) — After 21 years of war with Arab we were expected true democracy from the SPLM Party, the main aim of formed SPLM Party was about to bring true democracy and deliver services to all citizens, when the achieve their goal. What next again! We have achieved our goal now, which is Republic of South Sudan.

Juba government should not hostages citizens in the name of hypocrisy democracy which does not reflect ample democracy the whole World enjoy and expect us to exercise it in right way. Democracy is a right system of rule by law, not by individuals or one-man show!

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