South Sudan to introduce new 500-pound note

The Bank of South Sudan (don't bother clicking the link, they still haven't got a proper website) has announced it will introduce a new 500-pound note "soon". The introduction of the new 500-pound banknote, which will be the highest-domination note in circulation in the country, comes as a direct result of the soaring inflation four-and half-year after the beginning of civil war. 

On the black market at the moment, one U.S. dollar is exchanged for 300 South Sudanese pounds.

Steven Monday 25 June 2018 at 12:32 pm | | news
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