Bank of South Sudan Publishes Official Exchange Rates for July 14

0

By Sasuk Taban

The Bank of South Sudan (BoSS) has released its official foreign exchange rates for Tuesday, July 14, 2026, with the U.S. dollar trading at SSP 4,896.37 for selling and SSP 4,751.64 for buying.

According to the central bank, the official exchange rates for other major currencies are:

• Euro: SSP 5,597.03 (selling) | SSP 5,430.65 (buying)

• British Pound Sterling: SSP 6,555.25 (selling) | SSP 6,361.55 (buying)

• Kenyan Shilling: SSP 37.91 (selling) | SSP 36.73 (buying)

• Ugandan Shilling: SSP 1.33 (selling) | SSP 1.29 (buying)

Despite the official rates, the parallel (black) market continues to trade the U.S. dollar at around SSP 7,200 for selling and SSP 7,100 for buying, reflecting a substantial gap between the official and informal foreign exchange markets.

The difference indicates that many businesses and individuals continue to depend on the parallel market due to limited access to foreign currency through commercial banks and other official channels.

Economists say a wide gap between official and parallel market exchange rates often points to persistent shortages of foreign currency, increased demand for hard currency, and broader macroeconomic challenges.

The Bank of South Sudan has maintained that it is implementing monetary and fiscal measures aimed at stabilizing the exchange rate, improving foreign currency availability, and strengthening confidence in the country’s financial system.

Leave a Reply

Your email address will not be published. Required fields are marked *