(Juba) – The Bank of South Sudan (BoSS) has announced a new term deposit auction inviting commercial banks in the country to bid for a total of SSP 20 billion in deposits. This figure is equal to approximately $4.3 million at the official exchange rate of SSP 4,650 per US dollar or around $2.86 million using the parallel market rate of SSP 7,000 per US dollar, as of June 2025.
The auction is scheduled to take place on Wednesday, 2 July 2025, with the settlement expected to be completed on the same day.
The financial operation is one of the Central Bank’s monetary policy tools aimed at managing liquidity in the banking system. Participating banks will earn interest over a fixed term and receive both their principal and accrued interest at maturity.
According to the notice issued by Eptisam William Morjan, Acting Director of the Financial Markets Department at the BoSS, the term deposit facility will offer three maturity periods: 28 days, 84 days, and 336 days. The total SSP 20 billion will be divided as follows:
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SSP 10 billion (approximately $2.15 million at the official rate or $1.43 million on the parallel market) for 28 day deposits, maturing on 30 July 2025
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SSP 6 billion (around $1.29 million official / $857,000 parallel) for 84 day deposits, maturing on 24 September 2025
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SSP 4 billion (approximately $860,000 official / $571,000 parallel) for 336 day deposits, maturing on 3 June 2026
The ceiling interest rate for all deposit tenors will be set below the Bank’s current benchmark Central Bank Rate of 15%. However, the facility comes with an Early Termination Penalty (ETP) of 25% of the interest earned if banks decide to withdraw funds before maturity.
Interested banks are required to submit their bids through either the Refinitiv Platform or by email, between 9:00 AM and 10:00 AM on the day of the auction. Evaluation and adjudication of the bids will follow between 10:00 AM and 11:00 AM. For those submitting by email, all documents must be properly signed, scanned into a single PDF file, and authenticated.
Application forms and the official Term Deposit Facility Guidelines are available at the Front Office Division of the Financial Markets Department during official working hours or can be downloaded from the Central Bank’s website.
Editor’s Note: This latest auction appears to be an extension of BoSS’s continued efforts to manage liquidity and interest rate trends in South Sudan’s financial sector, particularly as the country faces ongoing currency pressures and inflation.
The Bank of South Sudan’s headquarters are located at Jondoru in Juba and can be contacted via telephone at (+211) 821484 or by fax at (+211) 820118.
