Juba company to print money as economic crisis deepen – source

JUBA – As South Sudan’s economy crisis continue to deepen, a local company, African Resource Corporation Ltd, in Juba is set to print more local currency, a source with direct knowledge has said.

The company which is owned by Benjamin Bol Mel started a currency printing service in the capital in late 2019 and hired consultants from foreign countries including Myanmar with the aim to print the SSP1000 denomination.

“There is a project to produce new pounds as ARC has hired money printing company to print the 1000 SSP note so that the company has enough money to pay the local workers on the roads projects in pounds produced illegally while the company makes 100% profit from the government roads projects hard currency payments except the materials imported from outside which will be catered for by the exemption funds ARC solicits from real importers,” a source was quoted by Nyamilepedia as saying.

The unnamed source further said South Sudan is “being run by goons exactly like my country and I know the people of Myanmar are suffering the same suffering your people are undergoing.”

The source said South Sudan’s National Security Service (NSS) arrested two members of the company, but who are innocent in the case saying the head of the company has more people in the NSS and that’s why he wasn’t arrested.

“I learned that there are two guys in the name of Kuot Garang and Jiel Michael already arrested for the first documents I released and sent to your email, those guys are innocent, the ARC Boss is well connected in the security to bring your country down,” the source added.