The South Sudanese Pound has continued to weaken against the US dollar in the parallel market, reaching a record low of 4,200 pounds for $100 last evening.

In the Central Bank, the US dollar is trading at about 3,300 pounds for $100.

The value of the pound has been reducing since December, when the Central Bank and the Ministry of Finance allowed the rate to be determined by demand and supply.

Since then, the rate of the US dollar has been rising from the initial rate of 1,850 pounds against $100.

This comes despite the auction of the hard currency by the Central Bank.

“Actually the dollar is not available in the market and when something is not available in the market, those few people with little dollars are increasing the price of dollar against the pound,” a dealer in the black market told Eye Radio.

The hard currency is required to import basic food items from Uganda.