This archive report was first published on 20 August 2020.
South Sudan's economy is facing a severe crisis, with the country's foreign exchange reserves having been depleted due to plummeting oil revenues.
According to Daniel Kech Pouch, the deputy governor of the central bank, the pound is depreciating sharply, and there is little that monetary advisers can do to arrest its fall.
Speaking to reporters, Pouch explained that the country's lack of foreign exchange reserves makes it difficult to intervene in the market and stop the rapid exchange rate decline.
"(It) is difficult for us now at this moment to stop this rapid exchange rate (decline) because we don't have the reserve for us to intervene in the market," Pouch said.
