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Bank of South Sudan, UAE Central Bank Sign MoU to Boost Cooperation in Payments and Security Printing

The Bank of South Sudan has signed a new agreement with the Central Bank of the United Arab Emirates to work together in areas such as printing secure banknotes, improving payment card systems, and providing technical training. The signing took place during Vice President Benjamin Bol Mel’s visit to the UAE, where he is holding several meetings to strengthen ties between the two countries.

The deal was signed by Dr. Addis Ababa Othow, Governor of the Bank of South Sudan, and Saif Humaid Al Dhaheri, Assistant Governor of the UAE Central Bank, in the presence of Vice President Bol Mel and UAE Minister of State Sheikh Shakhbout bin Nahyan Al Nahyan. Under the agreement, the UAE’s “Omlat” company will offer advanced solutions for printing South Sudanese currency securely.

Another UAE company, Al Etihad Payments, will help South Sudan create a national payment card system. This will be done in two stages—first improving the processing of card transactions, and later building systems that allow all transactions to be handled within South Sudan. The partnership will also provide training and technical support for South Sudanese banking staff through the Emirates Institute of Finance.

Dr. Othow said the cooperation will modernise South Sudan’s banking sector and bring it closer to global standards, while also strengthening trade between the two nations. UAE Central Bank Governor Khalid Mohammed Balama said the agreement shows a strong commitment to helping South Sudan develop its banking industry through shared knowledge and technical assistance.

Bro Winner and Bol Mel aci baai tiam ku acik kuopthok ku cët ki keys in the River Nile😁