South Sudan: Gold Trade is Unexpected Winner in Failed South Sudan’s Peace Deal

Jul 5, 2017 | Okech Francis, Bloomberg
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After South Sudan’s peace deal collapsed, gun battles rocked the capital and soldiers ransacked his clothing store, Ahmed al-Nur faced the economic crisis in a trade that has had an unexpected boost from the new wave of violence: gold. With inflation soaring and the currency collapsing, the precious metal — extracted mainly by artisanal miners in Africa’s newest nation — is more highly prized than ever.