November 28, 2020
  • November 28, 2020
  • Home
  • Global News
  • South Sudan sacks its central bank governor for second time this year
South Sudan

South Sudan sacks its central bank governor for second time this year

By on November 2, 2020 0 81 Views

South Sudan President Salva Kiir has brought back Dier Tong Ngor as governor of its new central bank, replacing Jamal Wani Abdalla, state-run television said on Monday.

No reason was given for the move to replace Wani, who had been appointed in January to replace Ngor.

South Sudan’s economy is in the doldrums after a more than six-year civil war that led to about a quarter of its population fleeing to neighbouring countries.

The war has also stifled the economy’s mainstay, reducing oil production to a trickle, while output in other sectors like agriculture has also plummeted.

Want more Updates? Join 200+ subscribers on our mailing list!

Leave a comment

Your email address will not be published. Required fields are marked *