Opinion: How capital flight is draining South Sudan’s economy - Eye Radio
Opinion: How capital flight is draining South Sudan’s economy - Eye Radio
Source: Eye Radio
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DW NOTE
South Sudan's capital flight isn't draining the economy — the economy was drained decades ago by a governing class that treats state revenue as private income. Capital flight is the symptom of citizens and businesses protecting what little they have from a currency that lost 60% of its value in 2023 and a central bank that prints to cover payroll. When the alternative to flight is dispossession by devaluation, the rational actor flees.