South Sudan has no forex reserves, deputy governor says
Central bank is unable to intervene as currency plummets on parallel markets, official says
The central bank of the civil war-torn country South Sudan has run out of foreign exchange reserves, one of its deputy governors said.
The news agency Reuters reported that Daniel Kech Pouch, the central bank’s second deputy governor, made the announcement at a press conference on August 19. “It is difficult for us at the moment to stop this rapidly increasing exchange rate, because we do not have resources; we do not have reserves,” Pouch said, according to Reuters.
Pouch said the official
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