The Bank of South Sudan is the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central b ...

of the

Republic of South Sudan A republic () is a " state in which power rests with the people or their representatives; specifically a state without a monarchy" and also a "government, or system of government, of such a state." Previously, especially in the 17th and 18th ...

. Established in July 2011, by an Act of Parliament (The Bank of South Sudan Act, 2011), it replaced the now defunct Bank of Southern Sudan, a former branch of the

Bank of Sudan The Central Bank of Sudan ( ar, بنك السودان المركزي) is the central bank of Sudan. The bank was formed in 1960, four years after Sudan's independence. It is located in the capital Khartoum. History When Sudan achieved independe ...

, which had served as the central bank of South Sudan, during the period between February 2005 until July 2011. The bank is fully owned by the

Government of South Sudan A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

Location

The bank maintains its headquarters in the city of

Juba Juba () is the capital and largest city of South Sudan. The city is situated on the White Nile and also serves as the capital of the Central Equatoria State. It is the world's newest capital city to be elevated as such, and had a population ...

, the capital of

South Sudan South Sudan (; din, Paguot Thudän), officially the Republic of South Sudan ( din, Paankɔc Cuëny Thudän), is a landlocked country in East Africa. It is bordered by Ethiopia, Sudan, Central African Republic, Democratic Republic of the ...

, with branches in the towns of Wau,

Yei Yei is a medium-sized city in South Sudan's southwest. It lies close to the borders of two of the country's trading partners, Uganda and the Democratic Republic of the Congo. It is a business hub, attracting traders and customers from all three ...

and

Malakal Malakal is a city in South Sudan. It is the capital of Upper Nile State, South Sudan, along the White Nile River. It also serves as the headquarter of Malakal county and it used to be the headquarter of Upper Nile Region from 1970s to late 1990s. ...

Organization and Governance

The Bank of South Sudan is the central bank of the

. It is headed by the Governor of the Bank of South Sudan. The Bank is the only institution that is constitutionally mandated to issue the

South Sudanese pound The South Sudanese pound ( ISO code and abbreviation: SSP) is the currency of the Republic of South Sudan. It is subdivided into 100 piasters. It was approved by the Southern Sudan Legislative Assembly before secession on 9 July 2011 from Sudan ...

Duties

The main functions of the Bank of South Sudan are: # To function as the

. # To establish and supervise conventional banking services in South Sudan including licenses to financial institutions according to rules and regulations issued by the board of directors. # The management of the bank is under the Governor of the Bank of South Sudan, who will manage the conventional banking system in South Sudan according to prevailing rules, regulation and policies. # To act as the bank to the

, as an adviser and agent thereof in monetary and financial affairs. # In the discharge of the duties, responsibilities and mandates thereby required and imposed upon it, to exercise the power and supervisory authority so conferred, in a manner consistent with the ordinances and regulations stipulated in the laws that govern the bank. # The Bank of South Sudan shall be in charge of supervising and regulating commercial banks in South Sudan.

Management

Principal officers

# Moses Makur Deng - Governor #Johnny Ohisa Damian Deputy Governor for banking and currency # Daniel Kech Puoc - Deputy Governor for Administration & Finance #Yeni Samuel Costa - Director General for Currency & Banking # Marial Bawuor Mabeny - Director General for Supervision and Research #Samuel Yanga Mekaya - Director General for Administration and Fianance Yeni Samuel Costa

Governors of the Bank of South Sudan

The Governors were appointed by the

President of South Sudan This article lists the heads of state of South Sudan since the establishment of the Southern Sudan Autonomous Region within Sudan in 1972. The president of the Republic of South Sudan is the head of state and head of government of South Suda ...

References

{{Central banks Banks of South Sudan Government of South Sudan

Banks established in 2011 2011 establishments in South Sudan Companies based in Juba