8 December 2011
Standard Bank Group introduces the Southern Sudanese pound to forex offerings
Standard Bank Group has added a 79th currency to its forex product suite: the Southern
Sudanese pound (SSP). This follows the news that South Sudan gained independence
from Sudan, on 9 July 2011.
This addition makes Standard Bank Group one of the only international banks offering
this capability. The group is seeing an increasing demand from the market for this
Andrew Daley, Managing Director, Head of Corporate Banking, EMEA, Standard Bank
Group, says: "The Sudanese economy is an exciting prospect for many of our clients,
particularly as it is natural resources rich.
The current climate in South Sudan is not without its challenges, however, Standard
Bank is a leading player in the region and our clients look to us to navigate new
markets and I am excited about our increasing capabilities in the region."
South Sudan gained independence from Sudan on 9 July 2011.