South Sudan Cracks Down on Parallel FX Market to Fight Inflation

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South Sudan Cracks Down on Parallel FX Market to Fight Inflation

South Sudan has cracked down on forex dealers in the capital, Juba, in a move the country’s top central banker said was part of an effort to stabilize

South Sudan has cracked down on forex dealers in the capital, Juba, in a move the country’s top central banker said was part of an effort to stabilize its rapidly depreciating currency.

“You have seen the law enforcement agencies telling people who are carrying large quantities for no reason, not to do so,” Bank of South Sudan Governor James Alic Garang told reporters in Juba on Saturday.

www.bloomberg.com

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