Bank of South Sudan


The Bank of South Sudan is the central bank of the Republic of South Sudan. Established in July 2011, by an Act of Parliament, it replaced the now defunct Bank of Southern Sudan, a former branch of the Bank of Sudan, 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.

Agreements and Memorandums

The Bank of South Sudan and Ministry of Finance and Planning have signed a Memorandum of understanding to improve liquidity and operational cash management by reducing dependency on physical cash and promoting digital transactions.
The document was signed by Central Bank's first deputy governor Samuel Yanga Mikaya and first undersecretary of Finance Ministry, Malual Tap Dieu.

Location

The bank maintains its headquarters in the city of Juba, the capital of South Sudan, with branches in the towns of Wau, Yei and Malakal.

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:
  1. To function as the central bank of South Sudan.
  2. 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.
  3. 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.
  4. To act as the bank to the Government of South Sudan, as an adviser and agent thereof in monetary and financial affairs.
  5. 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.
  6. The Bank of South Sudan shall be in charge of supervising and regulating commercial banks in South Sudan.

Management

Governors of the Bank of South Sudan

The Governors are appointed by the President of South Sudan.
NameTook officeLeft office
Elijah Malok AlengJuly 2005August 2011
Kornelio Koriom MayiekAugust 2011January 2017
Othom Rago AjakJanuary 2017May 2018
Dier Tong NgorMay 2018January 2020
Gamal Abdalla WaniJanuary 2020November 2020
Dier Tong NgorNovember 2020January 2022
Moses Makur DengJanuary 2022August 2022
Johnny OhisaAugust 2022October 2023
James Alic GarangOctober 2023December 2024
Johnny OhisaDecember 2024June 2025
Addis Ababa OthowJune 2025November 2025
Yeni Samuel CostaNovember 2025Incumbent