Thursday, April 21, 2016

Currency Collapse

On average, teachers in South Sudan earn from 450 - 600 S.Sudan Pounds (SSP) per month.  Until last month, that was roughly $150 - $200 USD. Not a fortune, but enough to make ends meet. 

Then the government, giving in to international pressure to reduce the yawning gap between its official exchange rate (3.1 SSP = $1 USD) and the street exchange rate (38 SSP = $1 USD), allowed the Pound to float.  Its value plummeted. Today that teacher’s monthly salary is worth a pitiful $15 - $20. 

Adding to the misery, the government has not paid any civil servants their salaries since last November.  Teachers, soldiers, health workers, clerks…. No one!  

Even the most dedicated ex-pat teachers who stayed in South Sudan throughout all the years of war and turmoil and danger are leaving their posts because the $50 border-crossing fee eats more than 2 months’ pay!  Kenyans and Ugandans who were, in many cases, the only trained teachers in S.Sudanese schools, can no longer afford to stay.  It’s going to be a very rough year for everyone, including students.

No comments:

Post a Comment