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South Sudan to introduce coins on independence day

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June 07, 2015 (JUBA) – South Sudan is set to unveil its first-ever coins into the market during the fourth independence anniversary on 9 July, a government official disclosed.

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South Sudan Pounds (ST)

Cabinet affairs minister, Martin Ellia Lomoro told reporters that the council of ministers approved what the ministry of finance and central bank officials had presented last week.

“The introduced coins range from denominations of 50, 20 and 10 piasters," he said.

Presently, the South Sudanese pound units are in form of one, five, 10, 25, 50 and 100 dominations, restricting buyers to quantity purchase of items like nails and razor blaze.

Lomoro said the introduction of these coins would enable traders relax their prices.

“So I think it is another milestone that the council of minister had on Friday,” he said, though that could not certainly change the souring prices of items in the market, as the South Sudanese currency continues losing value against the United States dollar ($).

The coins, Lomoro said, would have symbols representing the Greater Equatoria, Upper Nile and Bahr Al Ghazal regions, unlike the current notes with the potrait of the late South Sudanese leader and founder of the Sudan Peoples Liberation Movement (SPLM) party.

(ST)

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  • 9 June 2015 04:48, by Lotodo Awino Odug

    500 and 1000 pound notes will be okay too,on the side coins, I think 50,20,10,5,and 1 will be fine in this order.

    repondre message

    • 9 June 2015 16:38, by Hardlinner

      Lotodo, reconsider your use note only. If I’m wrong, south was the one country in world without coins. Every country I know has it own small denomination. The should have introduced coins along with notes at the same time.

      repondre message

      • 10 June 2015 01:31, by Lotodo Awino Odug

        I didn’t objected to the use of coins about,my statement has an omission that made it hard for people to understand.I said the notes should start from high to low of 1000,500,100,50,25,10,5,and 1 pound note.the same order for coins should start from hight to low of 50,25,10,5,and 1 piaster

        repondre message

  • 9 June 2015 06:36, by Son of Ngundeng

    Its good to have coins but will still valueless.
    .
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    Son of Ngundeng
    currently in front
    line Pathay Jonlei State.

    repondre message

  • 9 June 2015 07:50, by hamil

    Not only the council of ministers but also the Jeing Council of Elders must have approved this. Every decision goes through those morons these days and that is why this country is messed up

    repondre message

    • 9 June 2015 10:54, by paweetdit

      Hamil, don’t be contrary to the ideas of development. Anyway, i can blame you much becoz you are wrongly brought up from very beginning.
      pliz stop those idiotic ideology in your mind. the council of ministers is comprised of every tribe. I believe every tribe in south sudan is represented not only Dinka as you put it in your comment.

      repondre message

  • 9 June 2015 19:01, by Eastern

    Sleepy heads!,

    The coins will not allow traders "relax prices" but help Salva Kiir’s government contain the cost of replacing worn out banknotes! It’s that simple.

    Most South Sudanese are careless with handling the paper banknotes; metallic denominations could do the trick. In fact, let them introduce bigger denominations in form of metallic coins for the careless people!

    repondre message

  • 9 June 2015 22:04, by Nguetbuny de Luelpiny

    They should started with cents,1,5,10,25,50 cents, and 1 pound in coins.
    the values of Canada be shown by Canada Bank website.

    http://www.bankofcanada.ca

    repondre message

  • 9 June 2015 22:05, by Nguetbuny de Luelpiny

    They should started with cents,1,5,10,25,50 cents, and 1 pound in coins.
    the values of Canada be shown by Canada Bank website.

    http://www.bankofcanada.ca

    repondre message

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