South Sudan’s President Salva Kiir has dismissed the central bank governor and appointed a replacement.
The dismissal of Dier Tong Ngor was announced in a presidential decree read on the national broadcaster on Monday night.
No reasons were given for his sacking.
He was replaced by Moses Makur Deng who has been a director-general in charge of banks’ supervision and research at the bank.
South Sudan’s economy is driven by oil, which accounts for nearly 90% of the country’s national budget.
The economy is in a bad shape due to the conflict and the drop in global oil price as a result of Covid-19 pandemic.
Some South Sudanese online have welcomed the appointment of Mr Deng and urged him to improve the economy.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Coconut Grove Beach Resort marks 30 years of excellence with memorable 9 lessons & carols service
10 minutes -
WAFU B U-17 Girls’ Cup: Black Maidens beat Nigeria on penalties to win inaugral tournament
55 minutes -
Real Madrid beat Sevilla to keep pressure on leaders Atletico
2 hours -
Liverpool put six past Spurs to go four points clear
2 hours -
Manchester United lose 3-0 at home to Bournemouth yet again
2 hours -
CHAN 2024Q: ‘It’s still an open game’ – Didi on Ghana’s draw with Nigeria
2 hours -
CHAN 2024Q: Ghana’s Black Galaxies held by Nigeria in first-leg tie
3 hours -
Dr Nduom hopeful defunct GN bank will be restored under Mahama administration
4 hours -
Bridget Bonnie celebrates NDC Victory, champions hope for women and youth
4 hours -
Shamima Muslim urges youth to lead Ghana’s renewal at 18Plus4NDC anniversary
5 hours -
Akufo-Addo condemns post-election violence, blames NDC
5 hours -
DAMC, Free Food Company, to distribute 10,000 packs of food to street kids
6 hours -
Kwame Boafo Akuffo: Court ruling on re-collation flawed
7 hours -
Samuel Yaw Adusei: The strategist behind NDC’s electoral security in Ashanti region
7 hours -
I’m confident posterity will judge my performance well – Akufo-Addo
7 hours