Make Payments in SSP - South Sudanese Pound
Pay in South Sudanese Pounds (SSP)
Mondial Change allows you to make international payments in SSP (South Sudanese Pound) with ease. Manage your South Sudanese Pound beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply any exchange commission on your SSP operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your customer rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in South Sudanese Pound (SSP)
It is currently not possible to receive payments in SSP.
Do you want to hedge your exchange rate risk on the South Sudanese Pound (SSP)? Check our dedicated page for SSP exchange rate hedging.
Mondial Change Answers All Your Questions About Payments in South Sudanese Pounds (SSP)
What is the timeframe for an SSP payment to be credited to the beneficiary's account?
It generally takes a minimum of 2 business days for a South Sudanese Pound transfer to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for executing and routing payments cannot be held liable if SSP payments are credited beyond 2 business days to the beneficiary's account. External events such as processing delays by intermediary banks, public holidays, execution time, or compliance checks can have a significant impact on payment receipt times.
What are the fees for a payment in South Sudanese Pound (SSP)?
The fees applied to South Sudanese Pound (SSP) transfers generally range from 0 to 10 euros depending on the agreement with Mondial Change's trading desk. The rate primarily depends on your annual SSP exchange volume and the number of South Sudanese Pound payments made during the year.
Are there minimum or maximum amounts for payments in South Sudanese Pound (SSP)?
Mondial Change and its partners verify that your South Sudanese Pound flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If restrictions apply to transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in South Sudanese Pound (SSP)?
For SSP payments via the SWIFT network, at a minimum, the following information must be provided:
• Full name of the beneficiary
• Full address of the beneficiary
• Local account number
• SWIFT code of the beneficiary's bank
Is it possible to modify a payment in South Sudanese Pound (SSP) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in South Sudanese Pound (SSP) even after it has been sent via SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
What are the public holidays when payments in South Sudanese Pound (SSP) cannot be executed?
January 1st: New Year's Day
Variable date: Good Friday
Variable date: Easter Monday
Variable date: Eid al-Fitr (end of Ramadan)
Variable date: Eid al-Adha (Festival of Sacrifice)
May 16th: SPLA Day (Sudan People’s Liberation Army Day)
July 9th: Independence Day
Variable date: Peace Day (as per official proclamation)
December 25th: Christmas
History of the South Sudanese Pound
The South Sudanese Pound (SSP) was introduced in July 2011 following South Sudan's independence, marking a crucial step in the monetary sovereignty of the new country. It replaced the Sudanese Pound in domestic exchanges. The SSP is issued by the Central Bank of South Sudan and subdivided into 100 piastres. Despite economic challenges related to internal conflicts and volatility, it embodies the national identity and autonomy of the country in economic policy.
Monetary Policy of the South Sudanese Pound
The Central Bank of South Sudan is responsible for monetary policy. Its main objective is to stabilize the national currency and control inflation in a fragile economic context. The system relies mainly on direct interventions and administrative controls due to the lack of developed financial markets. Efforts are underway to improve monetary governance, restore confidence in the SSP, and strengthen the institutional capacities of the Central Bank.
Characteristics of the South Sudanese Pound
The South Sudanese Pound is widely used in domestic exchanges despite significant inflationary pressures. Banknotes are available in various denominations and feature patriotic symbols such as John Garang, a hero of independence. Due to low banking penetration, cash transactions dominate. Financial modernization initiatives are emerging to improve access to payment services, but the currency's stability remains dependent on the political climate and lasting peace.