South Sudan Economy Risks Collapse As Foreign Reserve Dries Up - Business - Nairaland
Nairaland Forum › Nairaland General › Business › South Sudan Economy Risks Collapse As Foreign Reserve Dries Up (440 Views)
| South Sudan Economy Risks Collapse As Foreign Reserve Dries Up by hbatagarawa(op): 7:46pm On Aug 20, 2020 |
South Sudan has run out of foreign exchange reserves as oil revenues have plummeted, and it cannot stop its currency from sliding, a central bank official said. Daniel Kech Pouch, the bank’s deputy governor, said late Wednesday that the pound was depreciating sharply and there was little that monetary advisers could do to arrest its fall. “(It) is difficult for us now at this moment to stop this rapid exchange rate (decline) because we don’t have the reserve for us to intervene in the market,” he told reporters. -theeastafrican http://www.mediaissuesng.com/business-news/south-sudan-economy-risks-collapse-as-foreign-reserve-dries-up/ |
| Re: South Sudan Economy Risks Collapse As Foreign Reserve Dries Up by Commentor: 7:55pm On Aug 20, 2020 |
You mean the same place Ipob always make an example of? |
| Re: South Sudan Economy Risks Collapse As Foreign Reserve Dries Up by Ahmed0336(m): 8:03pm On Aug 20, 2020 |
Commentor:must everything be tribal  |
| Re: South Sudan Economy Risks Collapse As Foreign Reserve Dries Up by Commentor: 8:04pm On Aug 20, 2020 |
| Re: South Sudan Economy Risks Collapse As Foreign Reserve Dries Up by yomi007k(m): 8:11pm On Aug 20, 2020 |
Useless country. I knew they were going to fail. I never supported the breaking away from North Sudan. 1 Like |
| Re: South Sudan Economy Risks Collapse As Foreign Reserve Dries Up by Nobody: 8:14pm On Aug 20, 2020 |
Commentor:It seems people on nairaland are scared of igbos(ipobs) the greatest tribe in africa |
| Re: South Sudan Economy Risks Collapse As Foreign Reserve Dries Up by Nobody: 8:15pm On Aug 20, 2020 |
Ahmed0336:Aboki trying to play nice |
| Re: South Sudan Economy Risks Collapse As Foreign Reserve Dries Up by Commentor: 8:23pm On Aug 20, 2020 |
Mchenryfreeman:Indeed they are the greatest clowns. |
| Re: South Sudan Economy Risks Collapse As Foreign Reserve Dries Up by Ahmed0336(m): 8:47pm On Aug 20, 2020 |
Mchenryfreeman:k |
| Re: South Sudan Economy Risks Collapse As Foreign Reserve Dries Up by Mide3367(m): 10:08pm On Aug 20, 2020 |
I wonder what will happen to Nigeria if our reserves dries up |
South African Economy Risks Collapse, Sinks Into Failed State • US Oil Prices Turn Negative (-$37.63 A Barrel) As Demand Dries Up • 2 • 3 • 4
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