Staff of the Kenyan-owned Equity Bank are complaining that their salaries have not been raised to match the devaluation of the South Sudan Pound.
The workers went on strike Monday demanding their salaries be increased. By Wedensday only the head office in Hai Amarat was serving customers as workers continued their action.
Clients were unable to do transactions at most Equity locations because of the strike.
“If they do not increase our salaries it would be better to stay home,” one employee said.
Last month South Sudan’s Central Bank floated the SSP against the dollar so that the official rate matches the actual street value of the currency, resulting in devaluation of over 80%.
Some companies especially fuel and telecoms outfits then increased their prices but most salaries have yet to change accordingly.