Photo: BoSS Portal
(Juba) – The Bank of South Sudan (BoSS) has announced a new Term Deposit Facility (TDF) auction targeting licensed commercial banks in the country.
A total of SSP 20 billion will be offered in the auction, which is equal to about $4.3 million at the official exchange rate or $2.86 million in the parallel market.
The auction will take place on Wednesday, 2 July 2025, and both the bidding and settlement processes will be completed on the same day. The facility will allow banks to deposit money with the central bank and earn interest, with both principal and interest returned at maturity.
The funds will be split across three different deposit periods known as “tenors.” The details are as follows:
Term Deposit Auction Structure
| Tenor Duration | Amount Offered (SSP) | USD Value (Official Rate) | USD Value (Parallel Rate) | Maturity Date |
|---|---|---|---|---|
| 28 Days | 10,000,000,000 | $2,150,537.63 | $1,428,571.43 | 30 July 2025 |
| 84 Days | 6,000,000,000 | $1,290,322.58 | $857,142.86 | 24 September 2025 |
| 336 Days | 4,000,000,000 | $860,215.05 | $571,428.57 | 3 June 2026 |
| Total | 20,000,000,000 | $4,301,075.27 | $2,857,142.86 |
Banks may submit their bids through the Refinitiv platform or by email between 9:00 AM and 10:00 AM. After that, the central bank will evaluate the bids from 10:00 AM to 11:00 AM. Bidders using email must send a single authenticated and scanned PDF file.
The Bank has capped the interest rate at below 15%, which is the current Central Bank Rate (CBR). An Early Termination Penalty (ETP) of 25% will be charged on the interest if a bank withdraws its money before maturity.
The Bank has advised interested banks to collect the necessary application forms and deposit guidelines either from the Financial Markets Department’s Front Office or from its official website.
This TDF operation is part of BoSS’s strategy to manage liquidity in the financial system, reduce inflation and support the overall stability of South Sudan’s economy.
| Exchange Rate Type | SSP to USD Rate | SSP 1,000 = USD Equivalent |
|---|---|---|
| Official Rate | 4,650 | $0.215 |
| Parallel Rate | 7,000 | $0.143 |
The auction was announced by Eptisam William Morjan, the Acting Director for the Financial Markets Department. The Bank of South Sudan is located in Jondoru, Juba, and can be contacted through P.O. Box 136, telephone (+211) 821484, or fax (+211) 820118.
This deposit auction follows similar efforts to improve monetary policy tools in the country, strengthen the banking sector, and ensure that banks can support public finance and development goals.
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