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US DOLLAR REACHES 150,500 SSP AS SOUTH SUDAN'S CURRENCY DEPRECIATES MORE DRAMATICALLY.

Date: February 18, 2024 (afternoon updates).

JUBA: South Sudanese dealers in Black Market, Juba, have informed Journalists that the US dollar and South Sudanese pound (SSP) exchange rate hit an all new record high, with a hundred dollars reaching 150,500 SSP, a spike from 125,500 on Friday ( black Market rate) and the central bank rate of 123,998.24 SSP yesterday.

Prices for essential goods have increased as a result of the South Sudanese Pound's ongoing decline in value relative to other currencies.

According to one dealer, "as of this afternoon, one hundred US dollars is 150,500 SSP South Sudanese pounds, and there is nothing we can do about it ".

The citizens have descended into a state of panic, since it is anticipated that the dollar rate would rise in the not so distant hours.

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