Home | News    Friday 22 July 2011

Jonglei receives new South Sudan currency

By John Actually

July 21, 2011 (BOR) - The long awaited South Sudan Pound has finally arrived in Jonglei with a ceremony on Thursday.

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Governor Manyang at the South Sudan Pound ceremony, 21 July 2011 (ST)

Organised under the governor’s chairmanship near his office the event was attended by the delegation from the central bank of South Sudan headed by Donglia Balingo, state cabinet ministers, MPs, advisers, UN agencies, and citizens.

Governor Kuol Manyang told the citizens that anybody found crossing international borders with South Sudan Pounds adding will face 10 years imprisonment.

He said foreigners and South Sudan citizens travelling to Khartoum and other countries shall only exchange their money for dollars or get the currencies of the countries they are travelling to, from the central bank of South Sudan.

Manyang said there will be two months in which the new currency can be exchanged for the old Sudanese Pound.

He also said storing large sums of money at home kills the economy of a country. He said the national currency should be kept at the banks to keep the money circulating in the hands of users.

Kenya Commercial Bank (KCB), being the only bank operating in the state, many people tend to keep their money homes because they lack trust in the bank. Others thought the banks belongs to Kuol, as they misinterpret the abbreviation, KCB-as Kuol Commercial Bank instead of Kenya Commercial Bank. Kuol being the first name of the state governor.

“Those of you who are refusing to keep their money in KCB, the bank is not mine. It is not Kuol Commercial Bank but Kenya Commercial Bank”, said Manyang.

The state legal affairs minister, Mayen Ohka, told the gathering that the new currency should be respected just like the new nation’s flag.

The general public of Jonglei expressed their appreciation of the new currency in terms of its size and appearance including the the special honour given to late Dr. John Garang whose face appears on the notes, but criticized the notes to including a date.