Gov’t rubbishes alleged intentions to introduce 5000-pound note

JUBA – South Sudan government has denied that it is planning to introduce a 5000-pound note of the country’s currency would be similar to the current SSP10.

This comes after social media users circulated the speculations.

However, speaking to the press in Juba yesterday, the governor of central bank Duer Tong Ngor said there are no plans to introduce the 5000-pound note terming the speculations as ‘fake’.

“It is fake and we have no any plan at the moment to introduce 5,000 SSP note and we have not done any work, leave alone even printing of that note,” Tong told reporters in Juba on Monday.

In February this year, the central bank launched and introduced 1,000-pound banknote.

It argued that the introduction of the new higher denomination is meant to complement the existing banknotes, to ensure customer convenience, and bring about efficiency in the printing of currency to generate savings for the country.