Central Bank raises SSP 600mln in Treasury Bill auction

The South Sudan Central Bank has raised 600 million pounds from ongoing Treasury Bill auctions.

The Bank announced the sale of the financial instruments to the public and the financial sector last month, to raise money to meet government obligations following almost two years of economic strain.

The bills cover a one-month maturity period, and the interest rate is determined by public response.

Moses Makur Deng, Director of the Financial markets Department at the Central Bank explains more in this interview with Sebit William.