The government of South Sudan officially announced a shift to cashless payments for civil servants and departmental funds in an effort to streamline financial processes, reduce corruption, and improve tax revenue mobilization.
The government is promoting the use of commercial banks, online platforms, and mobile money transfers. Finance Minister Marial Dongrin Ater also highlighted other economic objectives, including increasing crude oil exports, securing financial backing, promoting digitalization, and fostering food security.
While the recent strengthening of the South Sudanese pound has provided some economic relief, the lack of corresponding price reductions in the marketplace continues to frustrate citizens. Additionally, limited access to banking services and low mobile phone penetration are significant obstacles to a successful transition.