About
Following South Sudan’s independence in July 2011, the Bank of South Sudan (BoSS) was established by the Bank of South Sudan Act, 2011. This act fulfilled the mandates set forth in Article 53(3)(b) and Article 85(1) of the 2011 Transitional Constitution of the Republic of South Sudan.
The BoSS is an autonomous central bank with a primary objective of maintaining price stability and promoting a healthy domestic economy. This is achieved through:
- Ensuring a stable and efficient market-based financial system with strong liquidity and solvency.
- Promoting a secure and reliable national payment system that contributes to overall financial system stability.
Additionally, the BoSS supports the general economic policies of the Government of South Sudan (GoSS) aimed at fostering sustainable economic growth in the country.
Mission - why we exist?
To ensure price stability and sound financial systems in support of sustainable economic growth in South Sudan
Vision - the desired picture of future success
Our Core Values
Transparency
Transparency
We make our decisions and actions clear to customers and stakeholders and stand scrutiny
Accountability
Accountability
We take responsibility for our decisions and actions.
Professionalism
Professionalism
We strive to be skillful and competent and deliver quality results with integrity.
Excellence
Excellence
We innovate solutions to problems, improve our performance continuously and go extra miles to deliver standard services.
Team work
Team work
We work in cooperation and synergy and share skills, knowledge and experience.
Governance
The Bank of South Sudan is governed by a Board of Directors (BOD) established under Chapter III, Article 14(a) of the Bank of South Sudan Act, 2011. This nine-member board, chaired by the Governor, sets the bank’s policies and makes key decisions.
The board composition reflects a balance between executive and non-executive members. The Governor and two Deputy Governors form the executive members, providing leadership and day-to-day oversight. The remaining six members are non-executive, bringing diverse expertise and perspectives to the decision-making process.
Regular board meetings are held quarterly to discuss and deliberate on bank policy issues. Additionally, extraordinary meetings can be convened to address pressing matters.
The Bank’s senior management team, consisting of the Governor, Deputy Governors, and seven Directors General, is responsible for implementing the Board’s policies and overseeing the Bank’s day-to-day operations.
Functions
The Bank of South Sudan fulfills several key functions as the central bank of the country:
- Monetary Authority: The BoSS acts as the central bank, responsible for maintaining price stability and promoting a healthy domestic economy.
- Banking System Regulator: It supervises and licenses commercial banks in South Sudan, ensuring a stable and efficient financial system.
- Government Banker: The BoSS serves as the banker and financial advisor to the Government of South Sudan, managing its accounts and providing guidance on monetary and financial matters.
- Policy Implementation: The Bank implements the policies established by its Board of Directors to achieve its objectives.