By Yiep Joseph
The government has reiterated its call on traders to deposit money into commercial banks as a liquidity crisis hits.
With reports of commercial banks running out of cash, the Minister of Trade and Industry and the Governor of the Bank of South Sudan (BoSS) have made a joint call on business people to bank their Money.
According to the statement obtained from the Central Bank’s official page, the two officials made the call on Tuesday following a meeting aimed at strengthening cooperation towards reforms.
Bank governor Dr. Addis Ababa Othow Akongdit and Trade Minister Atong Kuol Manyang Juuk, during the high-level meeting, also discuss plans toward price stabilization.
According to the statement, Minister Atong appealed to the traders to deposit their money in the banks.
She argued that banks remain the safest for traders and the members of the public to keep their money.
“Speaking to the media after the meeting, Minister Atong urged traders across the country to deposit their money in banks, stressing that the banking system remains the safest and most secure place for business funds,” the statement partly read.
The minister’s statement came at a time when members of the public continue to decry the limited South Sudanese pounds in circulation.
Due to a lack of enough SSP in the market, commercials have issued a maximum amount to be withdrawn, hence blocking clients from getting cash during emergencies.
As part of the reforms, the minister and the bank governor directed the traders to bank their money.
“The discussion focused on aligning institutional policies to maintain price stability and encourage traders to bank their money rather than keeping large amounts in cash outside the banking system,” the statement partly read.
According to the statement, the trade minister briefed the Central Bank leadership on her recent visit to Türkiye, noting that some investors/banks had expressed interest in establishing banking operations in South Sudan.
On his Dr. Othow described the meeting as crucial in enhancing collaboration between the two institutions.
The governor reaffirmed the joint commitment to stabilizing prices and strengthening public confidence in the banking sector.
According to the statement, both officials emphasized coordinated efforts between the Ministry of Trade and the Central Bank.
Such cooperation will remain essential to restore trust, promote financial discipline, and ensure long-term banking stability in South Sudan.
In October 2025 the Bank of South Sudan (BoSS) launched the country’s first electronic Interbank Payment and Settlement System, shifting from a paper-based manual to a modern digital process.
This system is part of the bank’s initiatives toward reforms in the banking sector.
In several statements, the Bank of South Sudan and commercial banks reaffirmed their commitment to strengthening working relationships within the country’s banking and financial sectors.
Also, recently the Financial Intelligence Unit, a department of the National Security Service Internal Bureau, issued an order against individuals keeping bulk cash outside of the bank.