The Central Bank of South Sudan has issued a circular rejecting individual applications seeking allocation of foreign currency for exchange, saying it would only allow authorized dealers.
Bank governor Dier Tong Ngor, according to a circular seen by Radio Tamazuj, enumerated three reasons as the cause for issuing the circular to the public.
The circular dated July 3, said the bank has decided to refocus its foreign exchange operations to support its primary mandate of fostering price and exchange rate stability.
“In this regard, the bank will prioritize the utilization of any available foreign exchange reserve to meet external payments, primarily the official government payments and to support the importation of essential commodities, including fuel, essential food items and medicines,” reads the circular in part.
The institution reminded the public that it was not obliged to receive applications or private applications for foreign exchange allocations. Such applications, the bank governor said, should be directed to foreign exchange dealers instead.