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South Sudan crisis: Arua forex outlets hit hard

By Vision Reporter

Added 28th July 2016 01:45 PM

Operators say 90% of their hard currencies have been coming from South Sudan.

South Sudan crisis: Arua forex outlets hit hard

Operators say 90% of their hard currencies have been coming from South Sudan.

By Obeti Okuga Robert

Foreign exchange business outlets in Arua town have been hit hard by the renewed civil strife in South Sudan.

Prior to the conflict, business was booming in the border town.

Forex bureau business operators in Arua town say 90% of their hard currencies have been coming from South Sudan and 10% from neighboring DR Congo.

The manager of Arua Forex Bureau, Silver Annet, warns that forex outlets in Arua run the risk of closure if the conflict in South Sudan continues.

She says the other challenge is the depreciating South Sudanese pound against the Ugandan shilling which is making life difficult for the South Sudanese community living in Uganda.

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