South Sudan economy not ready for coins, says expert

An economics expert has cautioned the Government of South Sudan to diversify its economy and pave way for the much needed economic recovery.

The call by Kenyi Spencer comes amid increasing concerns about the volatile economy, that has seen the local currency depreciate significantly against the dollar.

The Central Bank has recently suspended inter bank lending, raising concerns about the banks ability to play its role as a last resort lender.

Spencer says the government still has an opportunity to redeem the economy by shifting focus from the oil based revenue generation.