S. Sudan’s Kiir fires Finance minister, Central Bank governor

August 4, 2022 (JUBA) – South Sudan’s president, Salva Kiir has fired Finance minister Agak Achuil Lual and Central Bank Governor Moses Makur Deng.

The officials were sacked in a decree read on the state television (SSBC) on Thursday.

Kiir, in the decree, appointed Dier Tong Ngor, as the new Finance minister while the bank’s first deputy Johnny Ohisa was appointed acting governor.

Lual, a professional accountant, has been Finance minister since November last year.

Albeit, the decree cited reasons for the new changes, South Sudan still faces persistent economic crisis characterised by high inflation and depreciation of the country’s local currency, South Sudanese Pound (SSP).

Last month, Central Bank auctioned $47 million to forex bureaus and commercial banks in a bid to stabilize the exchange rates in the country.

(ST)