South Sudan Mulls Exchange-Rate Unity Once Security Improves
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South Sudan, torn apart by nine months of conflict, may revisit plans to unify official and black-market exchange rates when government finances and security improve, Finance Minister Aggrey Tisa Sabuni said.
The central bank devalued the South Sudanese pound in November in a bid to encourage foreign investment, only to reverse the decision the next day when parliament rejected it after discontent over price rises. War erupted in South Sudan the following month, resulting in the deaths of thousands of people and displacing 1.8 million.