The Council of Ministers says it will stop the sale of the US dollars in the black market.

The black market rate is at 4.8 SSP to $1. While $1 is equivalent to 2.9 SSP in the Central Bank.

In a sitting chaired by President Salva Kiir yesterday, the Council resolved that dollars will only be obtained from commercial banks and forex bureaus.

The Minister of Cabinet Affairs, Dr. Martin Elias, told reporters after the meeting that the government will monitor the sale of the dollars on the streets.

“We will address this but the fact is, dollars can only be obtained through a commercial bank or forex bureaus,” Dr Elias said.

Dr Martin also denied media reports this week that the Central Bank has devalued the South Sudanese Pounds.

He said the Council agrees with devaluing the pound but the official rate has not been changed.

The chairman of the finance and economic committee in the national parliament, Goc Makuach, says the currency will never be devalued without the approval of the parliament.

He told Eye Radio the parliament is currently against any move to devalue the currency.