South Sudan to replace currency in 3 months

July 12, 2011 13:05

JUBA - Newly independent South Sudan will take up to three months to replace north Sudan pounds circulating in its economy with its new currency, southern Central Bank governor Elijah Malok told Reuters on Tuesday.

Malok said the oil-producing nation, which seceded from the north on Saturday, would keep its currency pegged with a one-to-one value to the north Sudan pound for the immediate future.

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