South Sudan: War Pushes South Sudan's Economy to the Brink

May 24, 2015 | AFP
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Soaring inflation and a likely currency collapse are adding to South Sudan's woes after 17 months of civil war characterised by brutal attacks on civilians. The latest battles between government and rebel forces have centred on the country's last remaining functional oil fields. Oil dollars once accounted for over 90 percent of government revenue in the four-year old nation, which contains sub-Saharan Africa's third largest reserves -- making it one of the world's most oil-dependent economies.