The currency of South Sudan is the South Sudanese Pound (SSP). Introduced in 2011 when the country gained independence from Sudan, the South Sudanese Pound replaced the Sudanese Pound at a rate of 1 SSP equal to 1 Sudanese Pound. The SSP is subdivided into 100 piastres. Due to economic challenges, the currency has faced fluctuations and devaluation. The Central Bank of South Sudan is responsible for issuing and managing the currency. With ongoing economic instability in the region, the South Sudanese Pound's value can be quite variable, impacting trade and the cost of living in the country.