South Sudan Economy Begins To Rise As More Rebel Forces Arrive in The Capital

150 SPLA-IO forces, who just returned to the capital, board a convoy to their barack in the capital(Photo: file/Nyamilepedia)

150 SPLA-IO forces, who just returned to the capital, board a convoy to their barack in the capital(Photo: file/Nyamilepedia)

March 31, 2016(Nyamilepedia) —– For the first time in more than two years, many South Sudanese went to bed with high hopes that the return of peace could mean the rebirth of the young nation.

Despite that the opposition leader, Dr. Riek Machar, has not yet return to the capital, the landing of SPLA-IO forces in the capital has spiked a sudden appreciation of South Sudanese pound(SSP).

In less than 48 hours the SSP, which has been depreciating since the Heglig war in 2012, has suddenly appreciated by nearly 45% from 45 SSP per dollar on Tuesday to 28SSP per dollar on Wednesday.

To many South Sudanese, this is a good indication that the devastated economy could be revised if stability returns.

While some economists believe that the sharp appreciation of SSP is influenced by market speculations and could be temporary, other economists argue that the return of SPLM/SPLA-IO and other fighters to the capital will encourage more investors to return to the country and therefore, if peace is sustained, South Sudan’s economy will eventually stabilize.

At least more than 150 SPLA-IO forces have arrived in the capital this week and more are expected to arrive before the return of the Country’s First Vice President designate, Dr. Riek Machar Teny.

According to the join monitoring and evaluation commission, at least a minimum threshold of 1370 IO soldiers must be brought to the capital before Dr. Riek Machar arrive to form the Transitional Government of National Unity(TGNU).

Dr. Machar, who is expected to return to the capital in less than 10 days, is currently on diplomatic missions in East Africa.

After meeting the Kenyan president, Uhuru Kenyatta, and the South Sudanese community in Kenya, Machar has traveled to Addis Ababa to meet and assures Prime Minister Hailemariam Dessalegn, the chairman of IGAD, who stood with the South Sudanese people since December, 2013.

“Today March 31, 2016, I met with H.E Hailemariam Dessalegn the Prime Minister of the Federal Democratic Republic of Ethiopia who is also the current Chairman of IGAD Assembly of Heads of State, and Ambassador Berhane Gebre-Christos, the special Envoy of the Prime minister.” Dr. Machar said in a statement after the meeting.

According to the IO chairman,  the two leaders discussed issues regarding the implementation of the Agreement on the Resolution of the Conflict in the Republic of South Sudan (ARCISS).

Machar pledged the meeting has tackled all the factors that impede the implementation of the Transitional government of National Unity, which is likely to be formed within the next two weeks.

10 comments

  • True Sons of this Nation as just arrive, You Dinka see the soon change!!!!!!!!!!!!!!!

  • JOHN YOAL CHUOL

    patriots have comes for changes.freedom fighters viva!!!! DR machar viva!!!!!,SPLM/A-IO viva!!!!,south sudan viva!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • Bol Gatjang

    What can I say now in reading this article friends? I have something like this, thanks you Almighty God for this miraculous blessing. You our rival Kiir better see this result several time in denying the patriots sons to enter.

    • Bol Gatjang

      I have something like this to say, thanks you Almighty God for this miraculous blessing . We have anticipated God will do more to bring more healing, but let’s not dragging our feet again just for useless things like “power” and “money”which are human niche. I mean they are not supposed to be one man’s personal property.

  • This is the result of the hard fight for reforms. those who hate reforms must keep their mouths shut. We mean business. Let beek and tolio know this very well. No more 28 states.

  • GatNor

    As long as the price of a barrel of oil is still low and transit fees not renegotiated with North Sudan, South Sudan pound(currency) will continue suffocation in a competitive EAC market. The market predictably will not stabalized until after election and a real development is initiated; that’s if such time is reachable.

  • His health is no good because it seems like he is sleeping.

    • GatNor

      BEEK = to season by exposure to sunshine or to bask, warm before fire; stove, bonfire.

      From AGUMUT to Beek. I must give it to you though, you are one fool that never fails to amazes me. You pick the weirdest avatar names there are.

  • beek,

    but the big and hot feet of IO is now deep inside you ass, we are in Juba and seriously increasing our presence here. This is why you hate the IO but we do not give a damn. By the way where are your jenge council of awirin with their evil plan of tearing this country apart by introducing 28 develic states.

    • I think one day Prostrate cancer is going to catch you,keep writing like that because you are such worry some. For how long he is going to survive with medicines? A lot of Medications will functioning,a diesel is finish

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