New nation of South Sudan to get new currency
JUBA, South Sudan (AP) — South Sudan formed a caretaker government for the new nation Monday, and announced it will use a new currency that features the image of the deceased founder of the nation’s liberation struggle.
South Sudan became an independent country Saturday, breaking away from Sudan after more than 50 years of on-and-off war.
The country’s finance minister, David Deng Athorbie, said Monday the new currency would be called the South Sudan pound and will replace the Sudan pound currently in use. It is scheduled to arrive by cargo plane beginning Wednesday and will go into circulation next Monday. It will have a one-to-one value with the Sudan pound.
The image of Dr. John Garang, the deceased rebel leader, will adorn one side of the bills. The other sides would show images of South Sudan‘s culture and wealth, Athorbie said. The bills will have watermarks and other security measures.
“I must warn those people who usually print fake currency, if they attempt it they will almost certainly be caught,” Athorbie said.
Impromptu street parties broke out early Saturday when the oil-rich country became independent. World leaders flocked to Juba to join
Category: South Sudan News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
