JUBA — South Sudan’s government says it will soon introduce a new currency, amid serious cash shortages in the world’s youngest country. [15] As part of a currency redesign to reduce confusion, a 1 Pound coin was released to replace the 1 Pound banknote, and a coin for 2 Pounds has also been released at the same time as the 2 Pound banknote. Exchange rates are updated every 15 minutes. South Sudanese Pound to US Dollar Rate Today is £1.00SSP = $1.000USD. Click here for collectible banknotes! FILE - Banknotes are displayed on a roadside currency exchange stall along a street in Juba, Jan. 14, 2011. Two days ago, the union of local bakers have increased the prices of bread from 200ssp to 350 ssp, the increase in bread prices have caused panic to the local population as many couldn’t afford to buy a bread. SSP to USD Money Converter. South Sudan said it’s seeking 250 million U. S. dollars from African Export and Import Bank (Afreximbank) to cushion the economy from disruptions occasioned by the COVID-19 pandemic. In 2018, the Bank of South Sudan introduced a 500 South Sudanese pounds banknote to ease daily cash transactions following years of inflation. Banknote World offers South Sudan currency for sale to collectors looking for a piece of South Sudan. “The cabinet has decided that the current currency should be changed....This is to improve our economic situation,” information minister Michael Makuei Lueth told a news conference in the capital Juba following a … JUBA, Oct 9 … South Sudan Currency Converter What is the unit of money in South Sudan? The Minister of Information and Communication, Michael Makuei Lueth, told reporters in Juba today after the cabinet meeting that the introduction of the new currency is designed to ease the current cash crunch. South Sudan's currency drastically depreciated against the dollar last week, just after the government announced plans to change it, an indication that more currency … You have converted 1 USD to SSP : 0.000000.On this page you can find the latest exchange rate between US Dollar and South Sudanese Pound, results are updated every hour, for this operation we used the international currency rate: . The Minister of … It has remained the official currency of Sudan to this day. South Sudan’s government says it will soon introduce a new currency, amid serious cash shortages in the world’s youngest country. Governor of Central Bank of South Sudan Jamal Abdalla [Photo via Radio Tamazuj] JUBA – South Sudan’s central bank said Friday that it planned to ban the use of foreign currency nationwide to prevent further depreciation of the South Sudanese pound against the U.S. dollar after prices of food and other basic commodities have skyrocketed in recent weeks and months, the VOA reports. South Sudan pound keeps on losing it value against US dollar, as of today the USD sales at 650 Ssp per dollar and the prices of the basic commodities are skyrocketing each day. The official currency of South Sudan is the South Sudanese Pound. JUBA, Oct 9 (Reuters) - South Sudan's cabinet agreed on Friday to change the country's currency in order to improve the economy, the government spokesman said, … More US Dollar info > SDG - Sudanese Pound Our currency rankings show that the most popular Sudan Pound exchange rate is the USD to SDG rate. [4] [5] For a wider history surrounding currency in the region, see The History of British Currency in the Middle East . South Sudan’s cabinet agreed on Friday to change the country’s currency in order to improve the economy, the government spokesman said, without giving further details. South Sudan’s cabinet agreed on Friday to change the country’s currency in order to improve the economy, the government spokesman said, without giving further details. SSP USD Currency Converter. South Sudan has run out of foreign exchange reserves as oil revenues have plummeted, and it cannot stop its currency from sliding, a central bank official said. (Reuters) (Reuters) South Sudan's cabinet has agreed to change the country's currency in order to improve the economy. Currency Export regulations: Local currency Historically, the South Sudanese Pound reached an … The third edition of the Sudanese pound was established on 24 July 2011 following the secession of South Sudan from the Republic of Sudan. Daniel Kech Pouch, the bank's deputy governor, said late Wednesday that the pound was depreciating sharply and there was little that monetary advisers could do to arrest its fall. 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