(JUBA) – The Bank of South Sudan has announced the results of its latest foreign exchange auction held on 31 July 2025, where commercial banks submitted bids worth a total of 12.1 million US dollars. However, only 2 million dollars were offered and awarded by the Central Bank.
A total of 14 bids were submitted by participating banks, but only 4 bids were successful. The remaining 10 bids were rejected due to high rates or other technical considerations. This marks the sixth official FX auction conducted by the Bank of South Sudan this year under its 2025 monetary policy operations.
The auction aimed to withdraw excess liquidity from the economy, and it succeeded in mopping up approximately 10.87 billion South Sudanese Pounds (SSP), equivalent to about 2.36 million US dollars at the official July 2025 rate of $1 = SSP 4,600.
The bidding rates ranged from a low of SSP 5,200 per dollar to a high of SSP 5,755.99 per dollar, reflecting rising demand for the US dollar in the domestic financial market. The cut-off rate for successful allocations was set at SSP 5,410 per dollar, while the weighted average rate among successful bids settled at SSP 5,434.28 per dollar. The highest accepted rate was SSP 5,500 per dollar.
Summary of the forex auction
| Auction Indicator | Value |
|---|---|
| Total USD Offered | $2,000,000.00 |
| Total USD Bids Received | $12,100,000.00 |
| Number of Bids Submitted | 14 |
| Number of Successful Bids | 4 |
| Number of Unsuccessful Bids | 10 |
| SSP Liquidity Mopped (Approx.) | SSP 10,868,550,000.00 |
| Lowest Bid Rate (SSP/USD) | 5,200.00 |
| Highest Bid Rate (SSP/USD) | 5,755.99 |
| Allocation Cut-off Rate (SSP/USD) | 5,410.00 |
| Highest Accepted Rate (SSP/USD) | 5,500.00 |
| Weighted Average Rate (SSP/USD) | 5,434.28 |
| Bid-to-Cover Ratio | 6.05 |
The high bid to cover ratio of 6.05 shows that demand for US dollars in South Sudan’s banking sector continues to exceed supply by a significant margin. This trend indicates ongoing pressure on the South Sudanese Pound and increasing costs of accessing foreign currency.
The Central Bank has stated that it will continue to monitor market conditions and adjust its FX interventions accordingly to ensure exchange rate stability and support macroeconomic goals.
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