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President Kiir sacks finance minister, central bank governor                                                                                                               

South Sudan joins regional trade body
Agak Achuil Lual, Minister of Finance and Planning

President Salva Kiir has relieved his minister of finance and the Governor of the Bank of South Sudan in a decree aired late Thursday on state broadcaster (SSBC).

 Agak Achuil Lual, the national minister for finance and planning and Moses Makur Deng, the governor of the central bank.

Kiir appointed Johnny Ohisa Damian, the former first deputy governor of Bank of South Sudan as Acting governor of bank of South Sudan.

Meanwhile, Dier Tong Ngor, the Makur’s predecessor replaced Achuil as minister of finance.

The Presidential decree came in the aftermath of high inflation that sent the South Sudanese Pound (SSP) tumbling down against the U.S dollar in the market.

The SSP is currently exchanging with the dollar at 73 from the previous 43 in January this year.

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