IMF’s hand detected in South Sudan’s ban on US dollar transactions

south sudan dollar transfer

South Sudanese citizens jostle to exchange their currencies in Juba. PHOTO | REUTERS

The government of South Sudan banned the use of the dollar in the economy as part of the conditions towards building a track record for future IMF supported financing programme.

The EastAfrican understands that the dollar bans which was effected in February was part of the conditions under the nine-month Programme Monitoring with Board Involvement (PMB) that sought to achieve the international reserve targets.