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 ba ...

of the Republic of South Sudan. 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 independen ...

, 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.

Location

The bank maintains its headquarters in the city of Juba, the

capital Capital may refer to: Common uses * Capital city, a municipality of primary status ** List of national capital cities * Capital letter, an upper-case letter Economics and social sciences * Capital (economics), the durable produced goods used f ...

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 C ...

, with branches in the towns of Wau, Yei 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 Republic of South Sudan. 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.

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 Government of South Sudan, 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.

References

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

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