South Sudan's Unlicensed Currency Traders Herded Under Trees.

South Sudan's central bank has ordered unauthorized currency traders to gather in designated areas in the capital city of Juba as part of a plan to regulate the parallel foreign-exchange market. The central bank aims to curb speculation in the South Sudanese pound, which has lost about a third of its value this year. Traders will be required to form associations and await further instructions on obtaining licenses. The government is implementing these measures as part of broader reforms to rebuild the economy, which has been impacted by conflict, the coronavirus pandemic, and historic floods. The central bank also plans to start auctioning Treasury bills in the coming weeks, marking the third attempt to use these government-funding instruments since the country gained independence. [Extracted from the article]