January 07, 2017 (JUBA) – South Sudan’s local currency (SSP) further weakened, in the first week of January, against the U.S. dollar ($) indicating the deteriorating economic situation in the oil-dependent country.
On Friday, a 1$S sold for 105 SSP, which showed a significant surge from the $1 sold at 90 SSP late last year.
A number of traders Sudan Tribune interviewed attributed weakening of the SSP to increased demands from families abroad and the scarcity of hard currencies.
"People are (...)
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