(JUBA) – The Bank of South Sudan has announced new rules governing the movement of cash within the country and across its borders, in a move aimed at strengthening financial stability and curbing illegal money flows.
The directive, issued on 16 September 2025 by the Directorate of Banking Supervision and Financial Stability, requires that all large transfers of South Sudanese Pounds (SSP) or foreign currency inside the country must go through licensed financial institutions or their authorised agents.
Businesses and traders are permitted to move money only for the purpose of depositing funds into their accounts at commercial banks. The directive requires that every movement of cash be documented, declared, and reported to the central bank.
Cross border transactions are under stricter control. No individual or company will be allowed to carry, export, or import cash beyond thresholds set by the Bank of South Sudan without prior written approval. Any undeclared or unauthorised movement of cash will lead to penalties, including confiscation and possible legal action.
Financial institutions and corporate entities must report all such movements to the central bank’s Directorate of Currency and Banking Operations within 24 hours.
The Bank of South Sudan said the new directive will be enforced jointly with law enforcement agencies, customs officials, and border authorities. The aim is to protect the financial system from risks including money laundering, illicit financing, and currency hoarding.
Dr Majok Kuol Mading, Director General of Banking Supervision and Financial Stability, signed the directive. He instructed all financial institutions to circulate the order immediately within their organisations and ensure full compliance.
The central bank stressed that approval from the Financial Markets Department will be required for foreign currencies, while the Banking Operations Department will authorise transfers in South Sudanese Pounds.
According to the central bank’s circular, this step reflects the government’s wider strategy to strengthen financial oversight at a time when South Sudan continues to face challenges with currency depreciation and parallel market pressures.
Key Points of the Central Bank Directive
| Area | New Requirement | Responsible Authority |
|---|---|---|
| Cash movement within South Sudan | Only through licensed banks or agents; must be declared and documented | Bank of South Sudan |
| Purpose allowed | Strictly for depositing into accounts | Commercial banks |
| Cross-border movement | No carrying of cash above set limits without written authorisation | Bank of South Sudan |
| Penalties | Confiscation and legal action for violations | Central bank & law enforcement |
| Reporting | Transactions to be reported within 24 hours | Directorate of Currency and Banking Operations |
| Enforcement | Customs, border police, and law enforcement agencies involved | Bank of South Sudan |
