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Johnny urges BoSS-Forex collaboration to combat black market

Author: Lasuba Memo | Published: January 19, 2025

The Jan 17 meeting brought together BoSS officials and Forex members|Courtesy

Governor Johnny Ohisa has called for a strong collaboration between the Bank of South Sudan and Forex Bureau fraternity to combat the growing influence of unlicensed market dealers.

Mr Ohisa reportedly convened a meeting with members of the Forex Bureau on Friday when urged the sector urge innovation and diversification in Forex Bureau operations to stay competitive in the market.

The meeting attended by First Deputy Governor Hon. Samuel Yeni Costa and other senior BoSS officials, was said to have resolved around the growing influence of unlicensed market dealers and the pressure of excessive taxation.

Governor Ohisa urged the need for greater public awareness regarding the essential role of Forex Bureaus and called for stronger collaboration across the sector to combat the expanding black market.

Meanwhile, First Deputy Governor Yeni advocated for alternative trading methods, including mobile money services to help Forex Bureaus diversify their offerings and remain competitive.

Chan Andrea, the Director General for Banking Supervision and Financial Stability agreed, saying sentiment, “diversifying business models and integrating additional financial services would be vital for the sustained success of Forex Bureaus in the evolving market landscape.”

The meeting according to, Bank Director of Communication and Public Relations, Nikodemo Majok Arou, came up with actionable proposals to improve the operational environment for Forex Bureaus across the country.

In his remark, Deputy Chairperson of the Union, Mayiik Akok Alou, reportedly described the discussions exploring new opportunities for enhancing the sector’s performance as productive.

The plans have not been made public.

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