The South Sudanese pound is the official currency of South Sudan, introduced in 2011 after the country gained independence from Sudan. It is abbreviated as SSP and is subdivided into 100 piastres. The currency is issued by the Bank of South Sudan, which is responsible for regulating the money supply and maintaining economic stability. The South Sudanese pound has faced significant challenges, including inflation and depreciation against major currencies like the US dollar. These issues have impacted the economy and the purchasing power of citizens, making it essential for the government to implement measures to stabilize the currency and promote economic growth.