BOR EYE

12/05/2023

Central Bank cancels $5 million dollars auction

eyeradio.org1h



A 100 United States dollar note. | Photo: File
The Bank of South Sudan said it has canceled the auctioning of US dollars to commercial banks and Forex bureaus after the foreign exchange committee observed irregularities.
The decision was reached after the Auction Supervisory Committee met on Friday morning over the mater.
The meeting endorsed the cancellation and called for punitive measures against violation of the Bank of South Sudan foreign exchange rules and procedures.
The meeting was attending by Governor of the Bank and his 1st Deputy for policy and banking.

The cancellation comes a day after the bank announced auctioning of five million US dollars to commercial banks and forex bureaus in Juba.
The Bank also said it has noted “with concern the FX market volatility and further depreciation of the South Sudanese pounds” against the US dollars since the beginning of the year.
It blames the depreciation of the local currency to the conflict in Sudan and the hikes in U.S. interest rate.

The Central Bank has been using the auctioning policy, which has been criticized by economists, as a measure to curb the depreciation of the pounds that sends prices skyrocketing.

Eye Radio Network

12/05/2023

Sudanese army, RSF commit to protecting civilians
sudantribune.com

The signing of the Jeddah Humanitarian Declaration on May 11, 2023
May 12, 2023 (KHARTOUM) – In a major step towards ensuring the safety and security of civilians in Sudan, the Sudan Armed Forces (SAF) and the Rapid Support Forces (RSF) have signed a declaration of commitment to protect civilians.

The agreement signed in Jeddah, late on Thursday, recognizes the obligations of both forces under international humanitarian and human rights law to facilitate humanitarian action to meet the emergency needs of civilians.

Under the declaration, the two forces will guide their conduct to enable the safe delivery of humanitarian assistance, the restoration of essential services, the withdrawal of forces from hospitals and clinics, and the respectful burial of the dead.

“Following the signing, the Jeddah Talks will focus on reaching an agreement on an effective ceasefire of up to approximately ten days to facilitate these activities” reads a statement seen by Sudan Tribune issued by the American and Saudi mediators on Friday.

The signing of the declaration will be followed by the Jeddah Talks, which will focus on reaching an agreement on the ceasefire and establishing a U.S-Saudi and international-supported ceasefire monitoring mechanism.

The talks will also address the proposed arrangement for subsequent talks on a permanent cessation of hostilities with Sudanese civilians and regional and international partners.

The step-by-step approach agreed upon by the parties will include consultations with the SAF and RSF about the participation of Sudanese civilians and regional and international partners in subsequent rounds of talks.

The facilitators said optimistic that these discussions will pave the way for a lasting peace agreement in Sudan.

A Sudanese military member of the Sovereign Council said two days ago that the political process would involve all political forces including the non-signatori

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It Is Jonglei Again That Topped The Country In South Sudan Certificate Of Primary Education.
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Kampala University Court case hearing to kicks off today, Monday, 11th July 2022. Students drags the Kampala University Administration to high court in kampala uganda. In today court hearing, Shoebill Advocates Kampala Uganda is representing Kampala University Juba Campus Students.

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