{"id":43495,"date":"2026-03-12T13:21:34","date_gmt":"2026-03-12T11:21:34","guid":{"rendered":"https:\/\/www.onecitizendaily.com\/?p=43495"},"modified":"2026-03-12T13:21:34","modified_gmt":"2026-03-12T11:21:34","slug":"economist-advises-public-to-return-ssp-to-the-bank","status":"publish","type":"post","link":"https:\/\/www.onecitizendaily.com\/index.php\/2026\/03\/12\/economist-advises-public-to-return-ssp-to-the-bank\/","title":{"rendered":"Economist advises public to return SSP to the bank"},"content":{"rendered":"

By Alan Clement<\/em><\/strong><\/p>\n

Economist Abraham Maliet has called for an investigation into a viral video showing large quantities of South Sudanese pound banknotes, urging holders of the cash to return it to the Bank of South Sudan.<\/p>\n

A video circulating widely on social media platforms in recent days appeared to show a storage facility stacked with bundles of small-denomination South Sudanese pounds, sparking public debate about the origin of the cash and the country\u2019s struggling currency.<\/p>\n

Speaking in response to the footage, Dr. Abraham said he believes the video is genuine and not artificially generated, noting that the sheer volume of low-value banknotes seen in the clip reflects a broader economic reality in South Sudan. \u201cI saw that video with a lot of small notes. To me, it\u2019s not AI, it\u2019s not fake. It is true,\u201d Dr. Abraham said.<\/p>\n

He explained that the presence of large quantities of small-denomination banknotes such as SSP 5 and SSP 10 is consistent with the current state of the local currency, where declining purchasing power has forced many transactions to rely on large bundles of cash.<\/p>\n

\u201cBecause there are so many small notes that are maybe stored somewhere, they become a burden on people who are carrying them, even those who are displaying them,\u201d he said.<\/p>\n

The economist suggested that those who shared the video online may have intended it as a form of humor, highlighting the unusual situation where citizens must carry stacks of banknotes to purchase everyday goods.<\/p>\n

\u201cI don\u2019t think they are displaying them as goods. They are displaying them as just a comedy or a funny thing,\u201d he said asking, \u201cWhat will you do with five pounds, ten pounds? What will you buy?\u201d<\/p>\n

According to Dr. Abraham, the prevalence of low-value banknotes has created practical challenges for citizens and businesses alike, particularly when it comes to transportation and storage of cash.<\/p>\n

\u201cFor you to buy water, you need many bundles of that. So this is also causing a logistical nightmare,\u201d he said. \u201cHow do you transport it? How do you carry it?\u201d he asked.<\/p>\n

The circulation of small-denomination currency has become increasingly common in South Sudan as inflation and currency depreciation have eroded the value of the local currency. Over the years, the South Sudanese pound has weakened significantly against foreign currencies, contributing to rising prices of goods and services.<\/p>\n

The situation has forced traders and consumers to rely heavily on bundles of low-value notes for everyday transactions, a development economists say reflects the broader economic pressures facing the country.<\/p>\n

Dr. Abraham also raised concerns about the legality and economic impact of individuals or institutions keeping large quantities of cash outside the formal banking system. \u201cBut the evidence is there that there are people keeping this money in their houses,\u201d he said.<\/p>\n

He clarified that the facility shown in the video is unlikely to belong to the government, suggesting instead that it could be linked to a private financial institution or another private entity. \u201cThat store is not a government store. It must be a private bank or a private place where they are keeping the money,\u201d he said.<\/p>\n

Nevertheless, the economist emphasized that keeping large amounts of cash privately is problematic because it removes money from the financial system and limits its circulation in the wider economy.<\/p>\n

In response, he urged individuals or institutions holding such quantities of cash to return the money to the Bank of South Sudan, the country\u2019s central monetary authority responsible for regulating currency circulation and financial stability.<\/p>\n

\u201cThese people who are keeping this money should take it to the rightful owner, which is the Bank of South Sudan,\u201d he said.<\/p>\n

According to him, returning the banknotes to the central bank would allow authorities to exchange them for higher-value denominations or channel them back into the financial system through formal banking deposits.<\/p>\n

\u201cIf they can be exchanged to higher notes, then these people can take that money back to the market,\u201d Maliet explained adding, \u201cIf not, then they keep it to deposit in the bank and in their bank accounts.\u201d<\/p>\n

He added that such measures would help restore the money into circulation and ease some of the logistical challenges associated with handling large bundles of low-value currency. \u201cBut keeping them at home itself is illegal. It\u2019s wrong,\u201d he said.<\/p>\n

The economist further called on authorities to establish the source of the footage and determine where the cash was stored, saying such an inquiry would help clarify the circumstances surrounding the video. \u201cSo I asked the guys to investigate where this video is coming from,\u201d he said.<\/p>\n

The video has sparked widespread reactions on social media, with many users expressing concern over the state of the national currency and the challenges posed by inflation and declining purchasing power.<\/p>\n

The economist said addressing such issues will require broader monetary and fiscal reforms aimed at stabilizing the currency and strengthening confidence in the financial system.<\/p>\n

For now, Dr. Abraham Maliet maintains that the immediate step should be ensuring that any large stockpiles of banknotes are returned to the formal banking system where they can be properly managed by the country\u2019s monetary authorities.<\/p>\n

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

By Alan Clement Economist Abraham Maliet has called for an investigation into a viral video showing large quantities of South Sudanese pound banknotes, urging holders of the cash to return it to the Bank of South Sudan. A video circulating widely on social media platforms in recent days appeared to[Read More…]<\/a><\/p>\n","protected":false},"author":6,"featured_media":43496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,79],"tags":[],"class_list":["post-43495","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\/2026\/03\/money.jpg","_links":{"self":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/43495","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=43495"}],"version-history":[{"count":1,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/43495\/revisions"}],"predecessor-version":[{"id":43497,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/43495\/revisions\/43497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/media\/43496"}],"wp:attachment":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=43495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=43495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=43495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}