{"id":40936,"date":"2025-11-05T10:58:30","date_gmt":"2025-11-05T08:58:30","guid":{"rendered":"https:\/\/www.onecitizendaily.com\/?p=40936"},"modified":"2025-11-05T10:58:40","modified_gmt":"2025-11-05T08:58:40","slug":"govt-bring-your-money-to-the-banks","status":"publish","type":"post","link":"https:\/\/www.onecitizendaily.com\/index.php\/2025\/11\/05\/govt-bring-your-money-to-the-banks\/","title":{"rendered":"Gov\u2019t : \u2018Bring your Money to the Banks\u2019"},"content":{"rendered":"

By Yiep Joseph<\/strong><\/em><\/p>\n

The government has reiterated its call on traders to deposit money into commercial banks as a liquidity crisis hits.<\/p>\n

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.<\/p>\n

According to the statement obtained from the Central Bank\u2019s official page, the two officials made the call on Tuesday following a meeting aimed at strengthening cooperation towards reforms.<\/p>\n

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.<\/p>\n

According to the statement, Minister Atong appealed to the traders to deposit their money in the banks.<\/p>\n

She argued that banks remain the safest for traders and the members of the public to keep their money.<\/p>\n

\u201cSpeaking 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,\u201d the statement partly read.<\/p>\n

The minister\u2019s statement came at a time when members of the public continue to decry the limited South Sudanese pounds in circulation.<\/p>\n

Due to a lack of enough SSP in the market, commercials have issued a maximum amount to be withdrawn, hence blocking clients from getting cash during emergencies.<\/p>\n

As part of the reforms, the minister and the bank governor directed the traders to bank their money.<\/p>\n

\u201cThe 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,\u201d the statement partly read.<\/p>\n

According to the statement, the trade minister briefed the Central Bank leadership on her recent visit to T\u00fcrkiye, noting that some investors\/banks had expressed interest in establishing banking operations in South Sudan.<\/p>\n

On his Dr. Othow described the meeting as crucial in enhancing collaboration between the two institutions.<\/p>\n

The governor reaffirmed the joint commitment to stabilizing prices and strengthening public confidence in the banking sector.<\/p>\n

According to the statement, both officials emphasized coordinated efforts between the Ministry of Trade and the Central Bank.<\/p>\n

Such cooperation will remain essential to restore trust, promote financial discipline, and ensure long-term banking stability in South Sudan.<\/p>\n

In October 2025 the Bank of South Sudan (BoSS) launched the country\u2019s first\u00a0electronic Interbank Payment and Settlement System, shifting from a paper-based manual to a modern digital process.<\/p>\n

This system is part of the bank’s initiatives toward reforms in the banking sector.<\/p>\n

In several statements, the Bank of South Sudan and commercial banks reaffirmed their commitment to strengthening working relationships within the country\u2019s banking and financial sectors.<\/p>\n

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.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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[Read More…]<\/a><\/p>\n","protected":false},"author":6,"featured_media":40937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,79],"tags":[],"class_list":["post-40936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"jetpack_featured_media_url":"https:\/\/www.onecitizendaily.com\/wp-content\/uploads\/2025\/11\/Money.jpg","_links":{"self":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/40936","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\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=40936"}],"version-history":[{"count":1,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/40936\/revisions"}],"predecessor-version":[{"id":40938,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/40936\/revisions\/40938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/media\/40937"}],"wp:attachment":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=40936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=40936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=40936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}