(JUBA) – A South Sudanese economist has called on the Bank of South Sudan to take immediate action to restore liquidity and public confidence as the country faces a severe cash shortage affecting economic activity.
Sunday Manyang Agok told Radio Miraya that both fiscal and monetary mismanagement have left too little cash in circulation, making it difficult for citizens to access basic goods and slowing overall economic activity.
“Expenditure appears to have been contracted, which means money is not circulating in the economy. At the same time, the currency is not available, which reflects a failure of monetary policy,” he said.
Agok urged the government to lower interest rates on loans to encourage deposits and to expand the use of digital transfers to facilitate transactions. He stressed that improving transparency and ensuring the independence of financial institutions are critical steps for restoring public trust and reviving the economy.
He warned that without urgent reforms, the cash shortage could continue to undermine businesses, disrupt markets, and limit access to essential goods across South Sudan.
He added that adopting modern banking solutions and strengthening monetary oversight could help stabilise the economy and rebuild confidence among consumers and investors.
| Key Points | Details |
|---|---|
| Issue | Severe cash shortage in South Sudan |
| Expert | Sunday Manyang Agok, economist |
| Causes | Fiscal and monetary mismanagement, low money circulation |
| Proposed Measures | Lower loan interest rates, expand digital transfers, strengthen transparency |
| Economic Impact | Limited access to basic commodities, stalled economic activity |
| Policy Focus | Restoring public trust and financial system stability |
