SOUTH SUDAN: CENTRAL BANK RESTRICTS FOREX FLOWS FOLLOWING OIL EXPORTS DISRUPTION

   Thu, 11 April 2024

South Sudan is facing an urgent foreign exchange shortages crisis following damage to the main oil export pipeline in neighbouring war-torn Sudan. In response, the central bank has imposed forex restrictions, including measures restricting illegal dealings in the foreign currencies on the market. The central bank has also resumed direct lending to the government to fund its budget, especially payment of public servants and military personnel. The economic destabilisation could be leveraged as a pretext to delay the national elections that are slated for later this year, which would intensify insecurity risks.

Pangea-Risk Insight is a specialist country risk solution to forecast threats and opportunities in emerging and frontier markets.

Powered by our proprietary forecasting methodology, Insight offers market-tested country risk intelligence and ratings on a customised technology platform.