S.Sudan limits cash withdrawals to encourage electronic transactions
The new policy underscores importance of digitalisation and deployment of related financial technology applications in the South Sudan economy. Shutterstock
South Sudan has restricted cash withdrawals by individuals and public and private sector entities in a push to promote cashless transactions, lower the cost of printing currency.
The limits mean cash withdrawals will be capped at SSP10 million ($3,730.58) per day per person, according to the South Sudan central bank.
