PHOTO CREDITS: Boss Portal - South Sudan Banks Fight for Share of Treasury Cash
(JUBA) – The Bank of South Sudan (BoSS) has invited all eligible commercial banks to participate in a foreign exchange auction scheduled for Thursday, 7 August 2025. The initiative, conducted through the Financial Markets Department under the Directorate of Banking Operations, aims to promote transparency, accountability and restore public and investor confidence in the national financial system.
According to a public announcement released by BoSS on 5 August 2025, the foreign exchange auction will allow qualified banks to submit bids indicating both their preferred exchange rates and the desired amounts. This auction system forms part of the central bank’s wider reforms intended to stabilise the currency and improve liquidity in the market.
The bidding process is set to begin at 9:00 AM and will close strictly at 10:00 AM. The adjudication process will then follow immediately between 10:00 AM and 11:00 AM.
| Key Auction Details | Time / Requirement |
|---|---|
| Auction Date | Thursday, 7 August 2025 |
| Bid Submission Time | 9:00 AM – 10:00 AM |
| Bid Submission Platforms | Refinitiv Platform or Email (PDF format) |
| Deadline for Bids | 10:00 AM sharp |
| Adjudication Period | 10:00 AM – 11:00 AM |
| Settlement Deadline | Within 24 hours of result announcement |
BoSS has outlined two separate procedures for bid submission depending on whether the bank has access to the Refinitiv platform. Commercial banks with access to Refinitiv are required to submit their bids directly through the platform. Meanwhile, banks without Refinitiv access are required to scan and send their signed and authenticated bid forms in a single PDF file via email to a list of specified BoSS officials.
The email addresses for submission include:
The announcement further states that application forms and submission guidelines can be obtained directly from the Front Office Division of the Financial Markets Department at BoSS headquarters during working hours. Alternatively, they are available for download from the official Bank of South Sudan website.
Successful bidders will be required to immediately deposit the physical equivalent of their bid value into their respective settlement accounts at BoSS. All settlements must be fully completed within 24 hours after the auction results are announced. The preferred method for settlement is via wire transfer to the successful commercial bank’s Nostro account.
While no fixed bid amount has been specified publicly, the auction is open to all registered commercial banks operating within South Sudan that meet the eligibility criteria.
BoSS has reiterated that this foreign exchange auction is part of its broader financial sector reform strategy, which also includes exchange rate unification, monetary policy stabilisation and improved transparency across all banking operations. The bank encouraged all commercial banks to comply with the submission rules and deadlines to ensure a smooth and competitive auction process.
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