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South Sudan embarks on cashless transition

South Sudan’s government officially announced a shift to cashless payments for civil servants and departmental funds, aiming to streamline financial processes, reduce corruption, and improve tax revenue mobilization.

The government is promoting the use of commercial banks, online platforms, and mobile money transfers. Finance Minister Marial Dongrin Ater also highlighted other economic objectives, including enhancing crude oil exports, securing financial backing, promoting digitalization, and fostering food security.

However, while recent strengthening of the South Sudanese pound provided some economic relief, the lack of corresponding price reductions in the market continues to frustrate citizens. Additionally, limited access to banking services and low mobile phone penetration pose significant hurdles to a successful transition.

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