wazua Wed, Apr 1, 2026
Welcome Guest Search | Active Topics | Log In

3 Pages123>
Money Transfer in South Sudan
changai
#1 Posted : Sunday, August 19, 2012 3:22:29 PM
Rank: New-farer

Joined: 5/3/2012
Posts: 40
I have a colleague working in South Sudan and since we are partners in business he tells me its hard to do a money transfer to another country, I have been waiting for money now for two months, KCB branch in Malakal wont allow any money out of the country. Is it true the government has banned any transfers, and if true how the hell then are their citizens supposed to eat.
Regards, Changai
Gathige
#2 Posted : Sunday, August 19, 2012 3:56:01 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
@Changai, It possible to do bank transfers from S Sudan to otherncountries but one needs dollars for the banks to effect the transfer. The challenge at the moment is getting dollars as they are not there in the open market. Most likely your pal has pounds and unable to get dollars.
"Things that matter most must never be at the mercy of things that matter least." Goethe
changai
#3 Posted : Sunday, August 19, 2012 6:06:21 PM
Rank: New-farer

Joined: 5/3/2012
Posts: 40
Gathige wrote:
@Changai, It possible to do bank transfers from S Sudan to otherncountries but one needs dollars for the banks to effect the transfer. The challenge at the moment is getting dollars as they are not there in the open market. Most likely your pal has pounds and unable to get dollars.

@Gathige so where on earth will he get this dollars from, coz yes he is having the pound, can i get a bank in kenya or Uganda to change the SSP Pound to any other currency and at what rate. Thanks nway.
Regards, Changai
Ali Baba
#4 Posted : Sunday, August 19, 2012 6:11:05 PM
Rank: Member

Joined: 8/29/2008
Posts: 573
The problem with SS is lack of US dollars.See,they sell oil and get the USD,but they have not sold for about 6 months.Secondly,business in SS is done by foreigners who trade,get the SSP,convert them into USD~~~and then the USD leaves South Sudan.Without SS businessmen to trade and keep USD at home~~~their is going to be a shortage.I spent two weeks trying to convert my SSP into USD without success.When I found a Forex bureau which was ready to transact,they gave me very low rates.Equity Bank employee told me that the SS government has "banned" foreign currency transfers to another country.
Ali Baba
#5 Posted : Sunday, August 19, 2012 6:15:21 PM
Rank: Member

Joined: 8/29/2008
Posts: 573
CHANGAI:>>Don't even try it.I tried to deposit SSP into an account in Equity Bank,Juba....then transfer to my account in Nairobi and Equity bank refused.I asked if I travel with my SSP to Nairobi and deposit into my Equity bank account...and Equity,Juba told me they will NOT ACCEPT my SSP in Nairobi~~~~~SS,is a true Wild west....
Gathige
#6 Posted : Sunday, August 19, 2012 6:37:06 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
@Changai, The pound is useless outside South Sudan. It's a dummy currency and cannot be exchanged with other currencies at the moment. There was a wazuan who had indicated some time ago in. Post that he could convert SSp to Kshs provided one had a minimum of SSP 100000. Hope he will read this and respond to your cry.

Alternatively, try Ugandan money transfer agents who may take SSP and issues Uganda SHs and then you can convert from there. I am sure there will be some losses but better than keeping the useless currency.

Where are all the Forex Traders in Wazua? This is their turf and should come in and sort Changai out. I hear George Soros made money in currencies and this may be your time.
"Things that matter most must never be at the mercy of things that matter least." Goethe
changai
#7 Posted : Sunday, August 19, 2012 6:46:15 PM
Rank: New-farer

Joined: 5/3/2012
Posts: 40
Ali Baba wrote:
The problem with SS is lack of US dollars.See,they sell oil and get the USD,but they have not sold for about 6 months.Secondly,business in SS is done by foreigners who trade,get the SSP,convert them into USD~~~and then the USD leaves South Sudan.Without SS businessmen to trade and keep USD at home~~~their is going to be a shortage.I spent two weeks trying to convert my SSP into USD without success.When I found a Forex bureau which was ready to transact,they gave me very low rates.Equity Bank employee told me that the SS government has "banned" foreign currency transfers to another country.

@ Ali Baba, suppose i travel to Uganda or Kenya with the SSP can i get an exchange to Ksh.
Regards, Changai
dunkang
#8 Posted : Sunday, August 19, 2012 8:20:59 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
yes you can convert the ssp to kes in nairobi. i did that in may 2012 at kes18.50 per ssp (i expected 22-25) at my favorite bureau called, 'sky forex bureau'. check their rates online at skyforexbureau.com.
Receive with simplicity everything that happens to you.” ― Rashi

changai
#9 Posted : Sunday, August 19, 2012 8:24:04 PM
Rank: New-farer

Joined: 5/3/2012
Posts: 40
Ali Baba wrote:
CHANGAI:>>Don't even try it.I tried to deposit SSP into an account in Equity Bank,Juba....then transfer to my account in Nairobi and Equity bank refused.I asked if I travel with my SSP to Nairobi and deposit into my Equity bank account...and Equity,Juba told me they will NOT ACCEPT my SSP in Nairobi~~~~~SS,is a true Wild west....

@Ali baba, wat a useless nation, is it so hard for the government to borrow a lone from may b IMF 2 sort out the mess. So tell me how will the nation feed its own pple, i export food stuffs n counter drugs there so if i cant get my profits and capital out of there isnt it a crisis for them, nway who cares?
Regards, Changai
changai
#10 Posted : Sunday, August 19, 2012 8:42:19 PM
Rank: New-farer

Joined: 5/3/2012
Posts: 40
dunkang wrote:
yes you can convert the ssp to kes in nairobi. i did that in may 2012 at kes18.50 per ssp (i expected 22-25) at my favorite bureau called, 'sky forex bureau'. check their rates online at skyforexbureau.com.

@Dunkang, i have sent them an email i hope to hear from them tomorrow. Thanks
Regards, Changai
3 Pages123>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.