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South Sudan Says Inflation Slowing as War-Torn Economy Improves

A stack of ten South Sudanese pound banknotes are seen in this arranged photograph in Juba, South Sudan.
Photographer: Trevor Snapp

Inflation in South Sudan slowed to 49 percent in September, after soaring to eight times that in the previous two years, as increased oil output boosts the war-torn nation’s economy, the central bank governor said.

“The resumption of oil production in Bentiu and the current upward movement of prices of oil has made our foreign reserves much much better than a year or two ago,” Dier Tong Ngor told reporters Thursday in the capital, Juba, referring to crude facilities in the country’s north.