CES Governor slaps ban on illegal FX trading in Juba

Unidentified Forex Exchange dealer counts his MONEY (SSP) in Juba |Photo:File

October 18, 2020 (Thessherald)–In the face of the current economic crisis, the Governor of Central Equatoria State, Emmanuel Adil Anthony, has imposed a strict ban on all forms of illegal forex exchange trading (FX) in Juba, with immediate effect.

In a Gubernatorial Order dated October 16, 2020 AD, the Governor had instructed law enforcement agencies to enforce the order accordingly.

“Govermment of Central Equatoria State Gubernatorial Order No.14/2020 to Ban Operation of illegal Dealers in Foreign Currency in Central Equatoria State, 2020 AD Title and Commencement This Order shall be cited as Gubernatorial Order No.14/2020 for banning operation of illegal dealers in foreign currency in Central Equatoria State and shall come into force on the date of its signature by the Governor.”

“The Order In exercise of powers conferred upon me by the Republican Decree No. 51/2020, read together with Article 99(2)(L) of Transitional Constitution of Central Equatoria State, 2012 (as amended). 1, Emmanuel Adil Anthony Wani, Governor of Central Equatoria State do hereby issue this Gubernatorial Order for banning operation of illegal dealers in foreign currency in Central Equatoria State with effect from the day of issuing this order as hereunder.”

The state government issued the following orders which must be strictly adhered to.

1. Banning operation of all illegal dealers in foreign currency who are operating without authorization from concerned authorities.

2. These illegal dealers comprise those operating alongside roads, or inside shops with no license of operation.

3. Anybody who violates this Order shall be punished according to Councils by-Laws.

4. All Law Enforcement Agencies concerned are directed to implement this order with immediate effect.

South Sudan continues to face a dire humanitarian crisis and economic collapse as a direct result of the conflict that has driven millions of people from their homes.

Regional experts and economists believe that if the parties make significant progress in implementing the peace deal in good faith, it could certainly lead to a positive economic outlook.