World’s newest country announces currency

Courtesy Reuters Africa

The world’s newest country, South Sudan, has issued its currency, the South Sudan pound, after announcing it this past July. Though the switch was successful, there are still concerns, including $1 billion worth of currency that was obtained before the split. When South Sudan asked officials in Khartoum to switch the currency in replacement for U.S. dollars, North Sudan declared it would be switching its currency as well. Officials of both North and South Sudan will be meeting in Ethiopia for further discussion on how to approach the situation.