South Sudanese Pounds(SSP)
By Jok P Mayom
JUBA, 05 April 2016 [Gurtong]- Albino Dak Othow, Director General for Banking Operation and Currency at the Central Bank announced on Monday that the new notes, 10SSP, 20SSP and 100SSP will bear some slight changes in appearance.
“We need to inform the public at large that the Bank of South Sudan will put in circulation a new bank note series bearing some slight changes” Dak told reporters.
The Director General said the changes are majorly in the colours and signature.
“You are aware that in 2011, the time that South Sudan gained its independence we had 10 pounds notes and then there was a similarity between it and the 100 pound bank notes so it seems that people were confused about the two notes. Some people even paid SSP100 thinking
that it is SSP10” he explained.
“Based on that, the bank of South Sudan has already made slight changes in the colours; 10 pound becoming green and 100 pound remaining with the blue colour. There was no change in the 100 note it is only what you can see in the signatures.”
The new signature has been changed in the 100 pound note.
Dak said, the previous SSP100 bank note was bearing the signature of the late Governor Elija Malok Aleng but the new one bears the signature of the current Governor, Kornelio Koriom Mayik.
“The 10 pound has nothing that has changed except that the colour which has become now green. People should not panic, because these are the real South Sudanese Pounds (SSP)” he assured the public.
He added, “We have already changed 1 pound to coins so people should not also confuse the 10 pound with the old 1 pound which was green. Now the two bank notes; the 10 pound and 1 pound will go side by side in circulation” Dak noted.
“When you received the new bank note, it doesn’t mean the old one is already cancelled, No, they will be currently working side by side in circulation” he clarified.
“The other slight changes which took place is the 20 pound and this 20 pounds, these are the normal replacements. It will replace the 25 pound but the color is the same the difference is the signature of current Governor of the central bank” he added.
“These two bank notes will also go side by side in circulation. What comes to the BOSS will not go out again until all of it is finished then the new one remains in circulation” he said.
“We need to inform the public so that when they receive the new SSP10 notes with new colour and SSP25, they should not get surprised” he said.
Dak further stated that the other SSP5 bank note is the same, only the signaturewhich is already in circulation.
The Bank of South Sudan (BoSS) is the central bank of the Republic of South Sudan, established in July 2011, by an Act of Parliament (The Bank of South Sudan Act, 2011).
BoSS replaced the defunct Bank of Southern Sudan, a branch of the Bank of Sudan, which had served as the central bank of Southern Sudan, during the period between February 2005 to July 2011.
The Late Governor, Elijah Malok Aleng who served from July 2005 to August 2011 was the first Governor of Central Bank then seceded by Mr. Kornelio Koriom Mayik from August 2011 to Present as the current Governor of BoSS.
The bank is fully owned by the Government of South Sudan.