Author Topic: South Sudan to issue coins on July 9, 2015  (Read 11575 times)

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Offline Pabitra

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Re: South Sudan to issue coins on July 9, 2015
« Reply #15 on: July 09, 2015, 06:39:51 AM »
Only lowest three denominations are being issued today.
Balance 2 will be issued later

Offline Rammstein

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Re: South Sudan to issue coins on July 9, 2015
« Reply #16 on: July 10, 2015, 10:02:49 PM »

Offline Pabitra

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Re: South Sudan to issue coins on July 9, 2015
« Reply #17 on: July 11, 2015, 04:31:44 AM »
Only graphics

Wanted actual photos of complete set

Offline Bimat

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South Sudan to issue coins on July 9, 2015
« Reply #18 on: July 11, 2015, 08:33:20 AM »
Four years in, the world’s newest country, South Sudan, introduces its first coins

To commemorate its fourth year anniversary as a nation, the Republic of South Sudan is set to release its first ever set of coins on Thursday, July 9. The design of the five coins in 10, 20, and 50 piasters as well 1- and 2-pound denominations all feature South Sudan’s coat of arms on one side and motifs representing the geographic regions of South Sudan on the other.

“They are created for those who will buy needles, those who will buy shirt buttons, those who will buy tobacco and so many other small things,” explained central bank governor Kornelio Koriom Mayiik. The 3-piaster coins will be introduced this week and the 1- and 2-pound coins at a later date.

Until the introduction of the coins, the South Sudanese were limited to the six denominations of the South Sudanese pound (SSP) introduced a week after its Independence Day declaration in 2011. This meant that sellers would have to round up prices or had to sell commodities in bulk because there was no monetary instrument to give change. For example, if the cost of a loaf of bread in Juba, its capital city, is SS £5.67 (US $0.95, €0.87) it’s typically rounded up to £6.

The politics of design

In a country with three regions or provinces and 10 ethnically diverse states (pdf), the design of the coins, like South Sudan’s other state symbols, has been a matter of debate, with regions, states, and tribes vying for fair representation.

The chosen motif on the obverse (or “heads”) of the copper-plated steel 10-piaster coin has been particularly controversial. Like the other four coins, its design is adapted from flags and emblems from one of the country’s 10 states—a shoebill stork from the northern Bahr-el Ghazal state symbol on the 20-piaster coin; a white rhino from the Central Equatoria state flag on the 50-piaster coin. But the desert oil-drilling rig motif chosen to represent the Greater Upper Nile region, adapted from the Unity State emblem, has raised issues. The oil rig is a reference to the country’s deep oil reserves but also brings to mind its ongoing conflict with Sudan which controls the oil export pipeline in the region.

It’s a problem “because they put the oil pipe things as their logo which does not reflect the traditional symbol that represent(s) Greater Upper Nile,” said cabinet affairs minister Martin Elia Lomuro in a press briefing last month. “The council discussed thoroughly on the development, design and the logo that these coins will carry,” explained Lomuro about the process monitored by South Sudan’s president, Salva Kiir. “We have noticed that the logo for Greater Equatoria is right as the symbol for Greater Equatoria and the logo for Greater Bahr el Ghazal is correct but the logo for Greater Upper Nile is to be revisited.” Lomuro did not elaborate on an alternative design proposals.

Design redo: Rejected coin vouchers

The new set of coins is actually South Sudan’s second try at producing low value denominations.

Months after introducing the South Sudan pound, which was produced and co-designed with the British banknote manufacturer DeLaRue (pdf), the South Sudan central bank realized the need for a monetary instrument for smaller purchases. But instead of printing coins, South Sudan decided to extend its engagement with DeLaRue and printed more paper money and unveiled a set of piasters or “coin vouchers” on October 2011.

Valued at 1/100th of a pound, the paper equivalent of loose change basically recycled the artwork from the pound by moving the exact portrait of the singular unifying hero, John Garang de Mabior, to the right. Garang was the former leader of South Sudan’s rebellion against Sudan, who was killed in a helicopter crash in 2005. His portrait appears on all denominations of the South Sudan pound and all three piaster note prototypes.

The piaster notes were printed but never circulated. Koryom Mayik told Catholic Radio Network that the notes were rejected because they did not meet “technical requirements.” Noting the similar designs of the bills, it’s highly likely that the the piaster notes caused confusion during testing, especially relevant in a population with the world’s lowest literacy rate. These unused piaster notes from the world’s newest nation are now highly covetable commodities on Ebay and numismatic collector sites.

Worn out banknotes

In an interview with The New Nation, central bank deputy governor Jamal Wani said the introduction of the coins will also help replace worn out banknotes. Torn, grimy paper bills are a common sight in South Sudan, with dirt at times obscuring the print and degrading the cotton pulp. There have been cases when customers have refused the worn-out bills, noted Wani. The introduction of the 1- and 2-pound coins will help introduce a more durable monetary instrument for these highly circulated denominations. “It was a mistake to have one pound notes without coins,” admitted Wani.

The embassy of South Sudan in the US did not have images or details pertaining to the new coins, when Quartz reached out in advance of their release, but recognized that the coins’ introduction was an “important matter for our foreigner investors, world media houses and [e]specially for the public knowledge at large.”

Source: Quartz Africa
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline Bimat

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South Sudan to issue coins on July 9, 2015
« Reply #19 on: July 11, 2015, 08:35:53 AM »
According to the Quartz article, the 10 paistre coin depicts 'Flag of Unity State'.

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline Jostein

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Re: South Sudan to issue coins on July 9, 2015
« Reply #20 on: July 11, 2015, 08:44:20 AM »
Great info Bimat, interesting report about why this designs.

Hope to see the new coins soon, includes bimetallic.

Bests,

:)
"Change is the law of life. And those who look only to the past or present are certain to miss the future" - John F. Kennedy

http://www.bimetallic-coins.com

Offline Bimat

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South Sudan to issue coins on July 9, 2015
« Reply #21 on: July 11, 2015, 08:53:30 AM »
Quote
The chosen motif on the obverse (or “heads”) of the copper-plated steel 10-piaster coin has been particularly controversial. Like the other four coins, its design is adapted from flags and emblems from one of the country’s 10 states—a shoebill stork from the northern Bahr-el Ghazal state symbol on the 20-piaster coin; a white rhino from the Central Equatoria state flag on the 50-piaster coin. But the desert oil-drilling rig motif chosen to represent the Greater Upper Nile region, adapted from the Unity State emblem, has raised issues. The oil rig is a reference to the country’s deep oil reserves but also brings to mind its ongoing conflict with Sudan which controls the oil export pipeline in the region.

Aah, another controversial design. I like it even more now. ;)

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline augsburger

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Re: South Sudan to issue coins on July 9, 2015
« Reply #22 on: July 11, 2015, 10:14:18 AM »
According to the Quartz article, the 10 paistre coin depicts 'Flag of Unity State'.

Aditya

"So, tell us about South Sudan."

"It has oil"

Offline malawi

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Re: South Sudan to issue coins on July 9, 2015
« Reply #23 on: August 01, 2015, 12:58:26 PM »
Hello friends!
First real picture :
http://www.theniles.org/articles/?id=2699

Offline Bimat

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South Sudan to issue coins on July 9, 2015
« Reply #24 on: August 11, 2015, 05:43:49 PM »
South Sudan’s new coins

Written by Laura Cole

To commemorate its fourth year of independence, South Sudan has released a new set of coins. Geographical takes a look at what this could mean for the world's newest country
The shiny ten, 20 and 50 piasters, and one and two South Sudanese Pound coins were circulated on the 9 July. Until now, small transactions in South Sudan had to use to paper denominations of one, five and ten pound notes. Anything in-between was rounded up.

With the cheapest commodity at two SSPs, critics believe the coins will bring little relief to a country experiencing one of the most distressing aftermaths of an independence movement in the world.

Following generations of oil-soaked warfare, South Sudan became independent from Sudan in 2011. Just two years later, the country’s leading party, the Sudan People’s Liberation Movement, cracked into its formal tribal divisions, Dinka and Nuer. Since President Salva Kiir (a Dinka) accused his Vice President Riek Machar (a Nuer) of an alleged coup, vicious civil warfare has torn the world’s newest country in two.

Former Cabinet Secretary and Head of Civil Service of the Upper Nile State, Deng Gach Pal explains ‘having piasters introduced into the market will not improve the economy per se, precisely because commodity prices have already skyrocketed as a consequence of the lack of hard currency and negative impact of ongoing civil war.’

For piasters to be able to improve the economy, market prices have to be made to drop to a normal level where piasters or 1 SSP coins can be of use – an event that can only occur once the civil war comes to an end. ‘Citizens are yearning for a peace agreement to really improve the economy,’ says Gach Pal.

However, the most interesting element of the coins are the designs on their faces. They have been embossed with the motifs from South Sudan’s ten states. In a controversial move, the ten piaster coin has been embossed with a desert oil rig. While officials claim this was mimicked from the Flag of Unity State in the north of the country, critics fear that it might incite post-war tensions with Sudan.

Source: Geographical
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline Bimat

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South Sudan to issue coins on July 9, 2015
« Reply #25 on: August 20, 2015, 08:20:41 AM »
Excitement as new coins hit W. Bahr el Ghazal markets

THURSDAY 20 AUGUST 2015

August 19, 2015 (WAU) - An aura of excitement engulfed citizens in South Sudan’s Western Bahr el Ghazal state as the newly-introduced coins hit markets for the first time.

The state minister of finance, Lilian Rizik said all commercial banks operating in the region were given some amounts of coins to enhance circulation of the new currency.

“I hope that the circulation of coins started yesterday in the markets, all commercial banks which are here have received [the coins],” Rizik told reporters on Wednesday.

“The fact of the matter is that if you use this money because it is less, it will help,” she added.

The minister urged traders to make good use of the coins, which are in denominations of 10, 20 and 50 piasters.

"It will help more because once you will not be paying 2 pounds or 2 and half pounds or they will be something for 3 and half pounds in the market,” stressed Rizik.

The coins bearing state symbols and the portrait of South Sudan’s former leader, John Garang were introduced on 9 July as the nation marked it’s fourth independence anniversary.

Source: Sudan Tribune
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline eurocoin

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Re: South Sudan to issue coins on July 9, 2015
« Reply #26 on: August 20, 2015, 10:27:35 AM »
Quote
"It will help more because once you will not be paying 2 pounds or 2 and half pounds or they will be something for 3 and half pounds in the market,” stressed Rizik.

> What ?

Quote
The coins bearing state symbols and the portrait of South Sudan’s former leader, John Garang

> Bulshit, no legal tender coins with the portrait of John Garang were issued.

Offline Bimat

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South Sudan to issue coins on July 9, 2015
« Reply #27 on: August 20, 2015, 04:21:46 PM »
 ;D

I think the article was translated (possibly using an online translator) from Arabic to English, hence there are some weird sentences...just a guess!

Aditya

It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline eurocoin

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Re: South Sudan to issue coins on July 9, 2015
« Reply #28 on: November 03, 2015, 10:33:03 PM »
The Bank of South Sudan now writes on their website that the series of coins has been minted at the South African Mint.
No news about the 1 and 2 pounds coins.

Offline eurocoin

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Re: South Sudan to issue coins on July 9, 2015
« Reply #29 on: November 04, 2015, 05:08:23 PM »
The Bank of South Sudan is planning to issue the 1 and 2 pounds coins mid 2016.