May somebody educate me here! Is auctioning US dollars to forex bureaus will strengthen the local currency?
The Bank of South Sudan has sold 1.4 million US dollars to forex bureaus in an auction to strengthen the local currency and curb inflation. The auction sale saw the highest bidder received 200,000 USD while the lowest received 19,000 dollars. @unmissmedia #SouthSudanpic.twitter.com/HzGI6jh3JV
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Selling of the USD in South Sudan is not a real business and nor could it helps economic either.
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To sell USD to forex bureaus will not change the economic inflation, the more the CBOSS selling US Dolar to them the more the inflation is increasing. South Sudanese Pound will never gain Value forever
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Le chargement semble prendre du temps.
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