The Bank of South Sudan (BOSS) is the central bank

Central bank

A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...

 of South Sudan

South Sudan

South Sudan , officially the Republic of South Sudan, is a landlocked country located in the Sahel region of northeastern Africa. It is also part of the North Africa UN sub-region. Its current capital is Juba, which is also its largest city; the capital city is planned to be moved to the more...

. Established in 2005, it was a branch of the Bank of Sudan

Bank of Sudan

Bank of Sudan is the central bank of the Sudan. The bank was formed in 1960, four years after Sudan's independence. It is located in Khartoum and its governor is currently Mohamed Kheir El-Zubeir.-History:...

 until 9 July 2011, when South Sudan seceded to become an independent republic.

Location

The bank is located in the city

City

A city is a relatively large and permanent settlement. Although there is no agreement on how a city is distinguished from a town within general English language meanings, many cities have a particular administrative, legal, or historical status based on local law.For example, in the U.S...

 of Juba

Juba, Sudan

Juba is the capital and largest city of the Republic of South Sudan. It also serves as the capital of Central Equatoria, the smallest of the ten states of South Sudan. The city is situated on the White Nile and functions as the seat and metropolis of Juba County.- Population :In 2005, Juba's...

, the capital of South Sudan

South Sudan

South Sudan , officially the Republic of South Sudan, is a landlocked country located in the Sahel region of northeastern Africa. It is also part of the North Africa UN sub-region. Its current capital is Juba, which is also its largest city; the capital city is planned to be moved to the more...

.

Organization and Governance

The Bank of South Sudan is the central bank of the Republic of South Sudan. It is headed by the Governor of the Bank of South Sudan. The Bank is the only institution that is constitutionally mandated to issue the South Sudanese pound

South Sudanese pound

The South Sudanese pound is the official currency of the Republic of South Sudan. It is subdivided into 100 piastres. It was approved by the Southern Sudan Legislative Assembly prior to secession on 9 July 2011 from Sudan...

.

Duties

The main functions of BOSS are:

1. To function as a branch of CBOS in South Sudan
   South Sudan
   South Sudan , officially the Republic of South Sudan, is a landlocked country located in the Sahel region of northeastern Africa. It is also part of the North Africa UN sub-region. Its current capital is Juba, which is also its largest city; the capital city is planned to be moved to the more...
   
   
2. To establish and supervise conventional banking services in South Sudan including licenses to financial institutions according to rules and regulations issued by the Board of Directors of (CBOS)
3. Management of BOSS is under the Deputy Governor of (CBOS) who will concurrently serve as the President of BOSS and is accountable to the Governor of CBOS on managing the conventional banking system in South Sudan, according to prevailing rules, regulation and policies.
4. To act as the bank to the Government of Southern Sudan (GOSS), as an adviser and as an agent thereof in monetary and financial affairs.
5. In the discharge of the duties, responsibilities and mandates thereby required and imposed upon it, to exercise the power and supervisory authority so conferred, in a manner consistent with the ordinances and regulations stipulated in the banking laws that govern CBOS.
6. BOSS shall be in change of supervising and controlling the commercial banks, which are operated in South Sudan.

Management

The following are the principal officers of the BOSS:

1. Kornelio Koriom Mayiek - President of (BOSS)
2. Mathiang Ajing Jupur - Director for Administration and Financial Affairs
3. Othom Rago Ajak - Director of Banking Operation and Foreign Exchange

Presidents of BOSS

1. Kornelio Koriom Mayiek (August 2011 - Present)
2. Elijah Malok Aleng (July 2011 - August 2011)

In August 2011, South Sudan's President Salva Kiir dismissed Elijah Malok Aleng by presidential decree and replaced him by his deputy Kornelio Koriom Mayiek.

See also

• South Sudanese Pound
• Sudanese Pound
  Sudanese pound
  The Sudanese pound is the currency of Sudan and also used in South Sudan until finalization of the introduction of the South Sudanese pound. Both Arabic and English names for the denominations appear on the country's banknotes and coins. On 24 July 2011, Sudan launched a new currency...
  
  
• List of banks in South Sudan
• Economy of South Sudan
  Economy of South Sudan
  The economy of South Sudan is one of the world's weakest and most underdeveloped with South Sudan having little existing infrastructure and the highest maternal mortality and female illiteracy rates in the world as of 2011. Until 1992, the Sudanese Pound has replaced the dinar as Sudan's currency...
  
  
• List of central banks