Sunday, January 29, 2012

New Country - New investment and banking opportunities in South Sudan

 

South Sudan is just starting its banking system. So there is a lot of green field to invest and make money.
Bank of Southern Sudan was established in 2006 as a regional branch of the Bank of Sudan . After the declaration of independence of South Sudan from July 9, 2011 the bank began to serve as the central bank. July 15, 2011 signed a law on the Bank of Southern Sudan.
Their currency is the Sudanese pound. Investment is interesting because of the big Oil industry in South Sudan:Oil  - the main resource of the country, on which rests the whole economy of Southern Sudan. Of the 500 thousand barrels of oil produced in Sudan, about 75% of the oil accounts for deposit in the south.
Investment is possible in the following banks:

Ivory Bank
Agricultural Bank of Sudan
Buffalo Commercial Bank
Commercial Bank of Ethiopia
Equity Bank 
Kenya Commercial Bank
Mountain Trade and Development Bank 
Nile Commercial Bank

There are guesses that the total Sudanese currency circlating in South Sudan was valued at approximately US$700 million in 2011.

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