South Sudan speeds up introduction of new currency

By REUTERS
August 3, 2011 17:43

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

JUBA - South Sudan said on Wednesday it would speed up the introduction of its new currency, highlighting differences with its former civil war foe in tackling the economic fallout of the southern independence last month.

Last month, South Sudan began circulating its new pound after breaking away from the north under a 2005 peace deal, pegging it one-to-one with Sudan's existing pound . North Sudan also started launching its own new money.

Analysts say it is crucial for both countries to coordinate to avoid turmoil but so far no deal has been reached with the south over what to do with old pounds circulating there worth more than $700 million, according to the south.

Related Content

Breaking news
July 23, 2018
Report: Shots fired at IDF forces near Ein Hashlosha

By JERUSALEM POST STAFF