South Sudanese pound
official currency of the Republic of South Sudan
Key facts
- Code
- SSP (numeric: 728 )
- 1 100
- Piaster
- Banknotes
- SSP 1, SSP 5, SSP 10, SSP 20, SSP 25, SSP 50, SSP 100, SSP 500, and SSP 1,000
- Coins
- SSP 0.10, SSP 0.20, SSP 0.50, SSP 1, and SSP 2
- User s
- South Sudan
- Central bank
- Bank of South Sudan
- Inflation
- 40.2%
- Source
- IMF (2023)
- Method
- CPI
via Wikipedia infobox
Article
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. Banner in Juba announcing the conversion from the Sudanese pound (SDG) to the new currency the South Sudanese pound (SSP) It was introduced on 18 July 2011, and replaced the Sudanese pound at par. On 1 September 2011, the Sudanese pound ceased to be legal tender in South Sudan.
On October 8, 2020, due to rapid depreciation of the South Sudanese pound's exchange rate with the United States dollar, South Sudan announced that it would soon change its currency.