23 September 2013

South Sudan macro update

A friend writes:
"Sudan Tribune today reports that Sudanese Dinar is today at 8.2 to the USD in KRT, street, 4.4 official. SSP meanwhile at 4.something to the USD, street, and 3.2 official."
So whilst the Government of South Sudan continues to lose money to corruption through the fixed artificially strong exchange rate (last year Chris Adam and I estimated the cost to be around 12-15% of government spending), they aren't losing as much as North Sudan, who are really taking the piss.

And at least inflation seems to have stabilised this year after a huge increase in prices through 2011 and 2012.

Source: SSNBS

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