(JUBA) – The Board of Directors of the Bank of South Sudan (BoSS), under the leadership of Hon. Dr. Addis Ababa Othow, held a high level meeting in Juba on 18 July 2025 to review key policy strategies designed to strengthen the country’s financial system and improve national economic governance.
The meeting focused on reviewing the central bank’s regulatory oversight and efforts to enhance financial stability, monetary policy and economic development. The board evaluated the current performance of financial institutions and outlined reforms that are expected to support the broader economy over the next two years.
One of the central goals agreed upon during the meeting is to ensure that by the end of 2027, at least 80% of all licensed financial institutions in South Sudan meet the minimum capital adequacy and financial soundness standards. These standards are critical in safeguarding depositors’ funds and maintaining confidence in the banking sector.
Additionally, the bank aims to ensure that the country’s National Payment System (NPS) complies with the core principles for financial market infrastructure. These principles are part of international best practices designed to ensure that payment, clearing, and settlement systems are secure, reliable, and efficient.
The discussions are part of BoSS’s broader reforms to ensure compliance with global financial regulations, protect the domestic financial system and attract both regional and international investment.
As of July 2025, South Sudan’s official exchange rate stands at SSP 4,600 per 1 USD, underlining the importance of strong monetary policy to support economic resilience amid currency volatility.
2027 Key Financial Goals
| Objective | Target by 2027 |
|---|---|
| Financial institutions meeting regulatory standards | 80% |
| National Payment System compliance | Full alignment with IMFIs* |
| Capital adequacy standards | Improved across banks |
| Regulatory oversight | Strengthened through BoSS |
*IMFIs – International Market Financial Infrastructures
The BoSS board also reaffirmed its commitment to ongoing capacity building initiatives such as the recently concluded workshop on Risk Based Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) Supervision. These efforts are intended to ensure that the country’s financial regulators are equipped to identify and mitigate risks to the financial system.
Hon. Dr. Othow emphasised the role of the central bank in guiding South Sudan’s economic recovery through sound financial management and improved banking services.
The meeting also highlighted the importance of consistent policy review to respond to challenges such as inflation, currency depreciation and underdeveloped banking infrastructure.
The Bank of South Sudan can be contacted for public and institutional queries at +211 925 777 106 or via email at info@boss.gov.ss. More information is also available at their official website: www.boss.gov.ss.
These reforms come at a time when South Sudan is increasingly looking to improve its financial credibility and ensure that institutions are strong enough to support national growth and regional integration.
