South Sudan’s President dismisses central bank governor
Sakshi Education
South Sudan’s President SalvaKiir has dismissed the central bank governor and appointed a replacement. The dismissal of Dier Tong Ngorwas was announced in a presidential decree read on the national broadcaster. No reasons were given for his sacking.
South Sudan’s President dismisses central bank governor
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.
