Central bank Updates Currency Name on 1,000 Pound Notes

Governor Dr. James Alic Garang said in a statement the change aligns with the amended Banking Act 2012 and Bank of South Sudan Act 2023.

JUBA – The Bank of South Sudan (BoSS) announced on Wednesday the issuance of new 1,000-pound notes with an updated name: “South Sudan Pound,” replacing the previous “South Sudanese Pound.”

Governor Dr. James Alic Garang said in a statement the change aligns with the amended Banking Act 2012 and Bank of South Sudan Act 2023.

“The Bank of South Sudan informs the public that it has issued a new series of 1,000 South Sudan pound banknotes,” Garang said. “This issuance complies with the amended Banking Act 2012 and Bank of South Sudan Act 2023.”

Garang clarified that the new notes retain the same design features as the previous 1,000-pound notes, with the sole difference being the updated currency name. “All other specifications remain unchanged,” he added.

The governor urged both financial and non-financial institutions to acknowledge the change.

Background: The Transitional National Legislative Assembly passed the Banking and Other Financial Institutions Amendment Bill 2023 on September 26, 2023.

This bill replaced the “South Sudanese Pound” with the new “South Sudan Pound.”

The stated purpose of the change was to strengthen South Sudan’s national identity and establish a unique currency for the country.