1000 South Sudanese pound note & bill

1000 South Sudanese pound the front is Dr. John Garang de Mabior

Invited media and guests, much thinking went into the decision to introduce the SSP 1000 denomination banknote. In doing this, our aim is to align the structure of the banknote with the needs of the people who use it for their daily transactions. We need banknotes that are convenient, high quality, secure, and cost-effective. Accordingly, in July 2019, the Bank of South Sudan decided to introduce the SSP 1000 after the successful introduction of the SSP 500 banknote in 2018, which indicated a significant increase in the demand for higher denomination banknotes.

It is in view of the need to make our currency more convenient to use that we are today introducing the SSP 1000 banknote into circulation to complement the existing banknotes, to ensure customer convenience, and bring about efficiency in the printing of currency to generate savings for the country. This new higher value denomination will only partially restore the dollar value of SSP 10 in 2011, but high enough to significantly reduce the deadweight loss and high transaction cost in making high-value purchases in a cash-based economy like South Sudan.

John Garang de Mabior (23 June 1945 – 30 July 2005) was a Sudanese politician and revolutionary leader. From 1983 to 2005, he led the Sudan People's Liberation Army during the Second Sudanese Civil War, and following a peace agreement he briefly served as First Vice President of Sudan for 3 weeks until his death in a helicopter crash on 30 July 2005. A developmental economist by profession, Garang was a major influence on the movement that led to the foundation of South Sudan.