By Alan Clement<\/p>\n
<\/p>\n
The Bank of South Sudan (BoSS) has backtracked on recent revelations to print more South Sudanese Pounds (SSP) as a remedy to the liquidity crisis in the country.\u00a0<\/em><\/strong><\/p>\n On Monday South Sudan Broadcasting Corporation, (SSBC) quoted the governor of the Bank of South Sudan (BoSS), Addis Ababa Othow, saying the government proposed printing more notes.<\/p>\n \u201cIn the short-term plans, we have made it very clear that there is a need, an urgent need for us to print money just to meet the high demand right now for liquidity,\u201d Dr. Othow\u2019s voice clips sounded.<\/p>\n However, when other media outlets picked up the matter, it received sharp public criticism, prompting the Central Bank to make a U-turn.<\/p>\n On Wednesday, Central Bank\u2019s Director of Communication and Public Relations, Majok Nikodemo Arou, issued a statement, that the governor\u2019s remark was taken out of context.<\/p>\n In the press release, the BoSS distanced itself from the plan of printing more banknotes.<\/p>\n \u201cIt is important to note that the Bank of South Sudan does not have the authority to print money for the purpose of paying civil servants or members of the organized forces,\u201d Nikodemo stated.<\/p>\n \u201cWe want to assure the public that the Bank of South Sudan has no plans to print additional money for salary payments.\u201d The statement partly read<\/p>\n Meanwhile, in an interview with this outlet, Dr. Ruben Moyi, Director of Marketing at Ivory Bank, said printing more money is not a viable solution to liquidity crises.<\/p>\n Moyi recommended alternative measures such as recalling outdated notes and requiring citizens to remit them to the banking system within a set period.<\/p>\n \u201cIf remitted properly, this would force cash back into circulation and avoid inflation caused by reckless printing,\u201d he said.<\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" By Alan Clement The Bank of South Sudan (BoSS) has backtracked on recent revelations to print more South Sudanese Pounds (SSP) as a remedy to the liquidity crisis in the country.\u00a0 On Monday South Sudan Broadcasting Corporation, (SSBC) quoted the governor of the Bank of South Sudan (BoSS), Addis[Read More…]<\/a><\/p>\n","protected":false},"author":4,"featured_media":37883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,79],"tags":[],"class_list":["post-37882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-news"],"jetpack_featured_media_url":"https:\/\/www.onecitizendaily.com\/wp-content\/uploads\/2025\/07\/Bank-of-South-Sudan-headquarters-in-Jondoru-Juba.jpg","_links":{"self":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/37882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=37882"}],"version-history":[{"count":1,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/37882\/revisions"}],"predecessor-version":[{"id":37884,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/37882\/revisions\/37884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/media\/37883"}],"wp:attachment":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=37882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=37882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=37882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}