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Bank of South Sudan

From Wikipedia, the free encyclopedia
Monetary authority of South Sudan
Bank of South Sudan
HeadquartersPlot No. 1, Block D 6, Juba Market,Juba,South Sudan[1]
Ownership100%state ownership[2]
GovernorYeni Samuel Costa
Central bank ofSouth Sudan
CurrencySouth Sudanese Pound
SSP (ISO 4217)
Reserves230 million USD[2]
Websitewww.boss.gov.ss

TheBank of South Sudan (BoSS) is thecentral bank of theRepublic of South Sudan. Established in July 2011, by an Act of Parliament (The Bank of South Sudan Act, 2011), it replaced the now defunct Bank of Southern Sudan, a former branch of theBank of Sudan,[3] which had served as the central bank of South Sudan, during the period between February 2005 until July 2011. The bank is fully owned by theGovernment of South Sudan.[4]

Agreements and Memorandums

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The Bank of South Sudan andMinistry of Finance and Planning have signed a Memorandum of understanding to improve liquidity and operational cash management by reducing dependency on physical cash and promoting digital transactions.[5]The document was signed by Central Bank's first deputy governorSamuel Yanga Mikaya and first undersecretary of Finance Ministry,Malual Tap Dieu.[5]

Location

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The bank maintains its headquarters in the city ofJuba, thecapital ofSouth Sudan, with branches in the towns ofWau,Yei andMalakal.

Organization and Governance

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The Bank of South Sudan is the central bank of theRepublic of South Sudan. It is headed by the Governor of the Bank of South Sudan. The Bank is the only institution that is constitutionally mandated to issue theSouth Sudanese pound.

Duties

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The main functions of the Bank of South Sudan are:

  1. To function as thecentral bank ofSouth Sudan.
  2. To establish and supervise conventional banking services in South Sudan including licenses to financial institutions according to rules and regulations issued by the board of directors.
  3. The management of the bank is under the Governor of the Bank of South Sudan, who will manage the conventional banking system in South Sudan according to prevailing rules, regulation and policies.
  4. To act as the bank to theGovernment of South Sudan, as an adviser and agent thereof in monetary and financial affairs.
  5. In the discharge of the duties, responsibilities and mandates thereby required and imposed upon it, to exercise the power and supervisory authority so conferred, in a manner consistent with the ordinances and regulations stipulated in the laws that govern the bank.
  6. The Bank of South Sudan shall be in charge of supervising and regulating commercial banks in South Sudan.

Management

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Governors of the Bank of South Sudan

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The Governors are appointed by thePresident of South Sudan.

NameTook officeLeft office
Elijah Malok AlengJuly 2005August 2011[6]
Kornelio Koriom MayiekAugust 2011January 2017
Othom Rago AjakJanuary 2017May 2018[7]
Dier Tong NgorMay 2018January 2020[8]
Gamal Abdalla WaniJanuary 2020November 2020[9]
Dier Tong NgorNovember 2020January 2022[10]
Moses Makur DengJanuary 2022August 2022[11]
Johnny OhisaAugust 2022October 2023[12]
James Alic GarangOctober 2023December 2024[13]
Johnny OhisaDecember 2024June 2025[14]
Addis Ababa OthowJune 2025November 2025[15]
Yeni Samuel CostaNovember 2025Incumbent[16]

See also

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References

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  1. ^"Multilateral Investment Guarantee Agency - Governors and Alternates"(PDF).
  2. ^abWeidner, Jan (2017)."The Organisation and Structure of Central Banks"(PDF).Katalog der Deutschen Nationalbibliothek.
  3. ^"South Sudan central bank governor replaced by deputy - Economy - Business - Ahram Online". English.ahram.org.eg. 2011-08-16. Retrieved2013-01-27.
  4. ^"South Sudan establishes Central Bank as it receives its new currency » Breaking News | Wire Update News | News Wires". Wireupdate.com. 2011-07-15. Archived fromthe original on 2013-07-31. Retrieved2013-01-27.
  5. ^abEye Radio
  6. ^"BBC News - South Sudan's Salva Kiir sacks bank chief Elijah Malok". Bbc.co.uk. 2011-08-17. Retrieved2013-01-27.
  7. ^"CENTRAL BANK – Boss fired and replaced – Juba Monitor".www.jubamonitor.com. Archived from the original on December 6, 2021.
  8. ^"Hon. Dier Tong Ngor – Bank of South Sudan". 12 August 2021. Archived fromthe original on 2021-08-12.
  9. ^Reuters[dead link]
  10. ^says, SOHEL (2 November 2020)."BREAKING: Kiir fires central bank chief, reinstates predecessor".Sudans Post.
  11. ^Chang, Koang (4 January 2022)."Central Bank Governor: Dier Tong out, Moses Makur in".Eye Radio.
  12. ^"South Sudan's president names Moses Makur Deng as central bank head".Reuters. 2022-01-03. Retrieved2022-08-12.
  13. ^"New central bank chief vows to modernize banking sector". 4 October 2023.
  14. ^"South Sudan's president fires central bank governor - Central Banking".www.centralbanking.com. 10 December 2024.
  15. ^"South Sudan's president fires central bank governor".www.radiotamazuj.org. 9 June 2025.
  16. ^"Dr Addis Othow Bids Farewell as Yeni Costa Takes Over Central Bank".Access Radio Yei News. 13 November 2025.
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