*  *  *  Your Excellency, Salva Kiir, President of the Republic of South Sudan; Honourable Minister of Finance of the Republic of South Sudan (ROSS); All Honourable Ministers of the ROSS; Honourable the Governor of the Bank of South Sudan (BOSS); All invited guests; Ladies and gentlemen, It gives me great pleasure, honour and privilege to be part of this historic ceremony of launching the first Currency for the newly born Republic of South Sudan.
Both factors are aggravated by yet another supply-side argument: Spare capacities in both refining and production are limited, as the investments of oil producing countries have been responding too slowly to the unexpected pace of demand growth. Now, it is taking time to open up the bottlenecks.