Southern Sudan Accuses Khartoum of Breaching Accord
This article is for subscribers only.
Southern Sudan, a semi-autonomous region that pumps most of Sudan’s crude, accused the government in Khartoum of switching payments of oil revenue to domestic currency from dollars in violation of a 2005 peace accord.
“As a result of this action, the foreign-exchange reserves of the Bank of Southern Sudan have been seriously depleted,” Southern Sudan Finance Minister David Deng Athorbei said in a statement today in the capital, Juba. “The Bank of Southern Sudan is unable to supply banks and foreign-exchange bureaus with foreign currency, and meet the foreign-exchange needs of the government of Southern Sudan.”