South Sudanese Pound (SSP)

Basic Concepts of the South Sudanese Coin

The South Sudanese Dollar is the official currency of the Republic of South Sudan, with the ISO code SSP and the symbol £. It is issued and managed by the Bank of South Sudan (BSS) and is mainly used for daily domestic transactions and savings.

Countries of Use

The South Sudanese currency circulates only within the Republic of South Sudan. After gaining independence from Sudan in 2011, South Sudan began using its own currency, replacing the former Sudanese pound.

Unit and denomination

The basic unit of the South Sudanese currency is the pound (Pound), and the secondary currency is the piastre, with 1 pound equaling 100 piastres. Bills are issued in denominations of 1, 5, 10, 25, 50, 100 and 500 pounds, while coins are issued in denominations of 1, 5, 10, 25 and 50 piastres.

Historical background

The South Sudanese currency was officially launched after South Sudan's independence on July 18, 2011, and was intended to replace the Sudanese pound as an expression of national sovereignty. The introduction of the currency helped stabilize the financial system and boosted the domestic economy in the early years of independence, when South Sudan faced economic challenges.