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War-torn South Sudan Issues Higher Denomination Banknotes Amid Soaring Inflation

South Sudan's central bank said Monday it will issue higher denomination banknotes, enabling citizens to carry fewer notes as rampant inflation continues to devalue the local currency. The bank said it would introduce a 500-pound bill, worth $1.5 U.S. dollars, into circulation this month. Currently the largest note in circulation is a 100-pound bill. South Sudan's economy is close to collapse after a 2015 peace deal with Sudan failed to stick and fighting between rival soldiers...

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