South Sudan: South Sudan Faces Economic Collapse amid Humanitarian Crisis

Apr 21, 2017 | TRT World
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South Sudan faces a collapsing economy amid conflict and humanitarian crisis as their currency has lost more than ninety percent of its value since December 2015. The fall of oil prices across the world has hit the country’s economy as it accounts for more than 97 percent of its revenue. The deteriorated economy has led to a considerable rise in the commodity prices, pushing inflation rates to record levels.