Central Bank open new currency branch in Rumbek

RUMBEK — The Bank of South Sudan on Saturday opened a new currency center in Rumbek, the capital of Lakes State, marking a major step toward decentralizing financial operations and improving cash management across the country.

This branch was established in 2013, with its foundation stone laid by the president, Gen. Salva Kiir Mayardit, in 2014.

The newly established center is part of the bank’s broader strategy to extend its presence beyond Juba and strengthen the distribution and security of national currency in the states.

The new facility will serve as a regional financial hub for Lakes and neighboring states, enabling more efficient handling of cash deposits, withdrawals, and transfers.

It will also reduce the risks and logistical costs of moving large sums of money between Juba and regional branches.

Speaking during an event in Rumbek on Saturday, Dr. Addis Ababa Othow, Governor of the Bank of South Sudan, stated that the launch marks a new phase in the expansion and modernization of the country’s financial infrastructure.

“The grand opening of this Currency Centre in Rumbek is a testimony to the prosperity and stability of our great nation,” Dr. Othow said.

Dr. Othow disclosed that the bank plans to hire 100 individuals from the local community.

“I am pleased to announce that the recruitment team from the bank will recruit 100% of the unclassified staff directly from Rumbek, ensuring employment opportunities for the local community in a transparent manner,” he said.

He emphasized the bank’s commitment to ensuring that the currency centre plays a role in contributing to economic growth and stability in the country.

“I call upon all commercial banks to expand their operations across Lakes State to enhance access to banking services and promote an inclusive financial system for all.”

For his part, Gen. Rin Tueny Mabor, Governor of Lakes, urged the residents of Lakes State to take ownership of this facility and safeguard it as a national asset.

“In a very special way, I would like to congratulate President Salva Kiir Mayardit for considering our Great Lakes State,” he said.

He stated that with peace now established, this represents the genuine benefit of peace, and they are beginning a journey of development.

“This has been demonstrated by the Bank Governor, Dr. Addis Ababa Othow, for ensuring that this facility is operational. All these achievements under the leadership of President Salva Kiir Mayardit are a fulfillment of the promises we made during our struggle for total independence.”