GENEVA Nov 12 South Sudan has almost $1 billion
in forex reserves and will use some to defend its new exchange
rate, Finance Minister Aggrey Sabuni Tisa said on Tuesday, a day
after the new republic devalued its currency.
South Sudan will finish paying back foreign loans within 2-3
months and is discussing rescheduling its debt to domestic
creditors, Tisa said.
"We will have to use part of our foreign exchange,
particularly dollars, to protect the new position of the South
Sudanese Pound," he told Reuters in Geneva.
The country's oil production should return to the levels it
hit before the flow was shut down during a row with neighbouring
Sudan within four to five months, he added.