https://en.sputniknews.africa/20230806/south-sudans-kiir-dismisses-finance-minister-fourth-in-three-years-1061108903.html
South Sudan's Kiir Dismisses Finance Minister, Fourth in Three Years
South Sudan's Kiir Dismisses Finance Minister, Fourth in Three Years
Sputnik Africa
Since 2020, South Sudan's President Salva Kiir Mayardit has dismissed four finance ministers. In March, the leader fired the foreign minister. This dismissal... 06.08.2023, Sputnik Africa
2023-08-06T14:33+0200
2023-08-06T14:33+0200
2023-08-06T14:33+0200
sub-saharan africa
south sudan
east africa
salva kiir
president
us dollar
defense minister
finance minister
foreign minister
oil
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South Sudan's president has dismissed the nation’s Finance Minister Dier Tong Ngor, a media outlet reported. Bak Barnaba Chol, an economics graduate, would take over as finance minister, the president's spokesperson stated, adding that Kiir frequently reshuffles his government as he sees fit.According to the spokesperson, the decision was made due to a recent decline in the value of the nation's national currency, the South Sudanese pound.According to economic estimates, over the last two months, South Sudan's currency has lost around a third of its value versus the US dollar.The economy of the country heavily depends on revenue from the sale of crude oil. Moreover, it has faced significant challenges due to a civil war that lasted from 2013 to 2018.
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south sudan, east africa, salva kiir, president, us dollar, defense minister, finance minister, foreign minister, oil
south sudan, east africa, salva kiir, president, us dollar, defense minister, finance minister, foreign minister, oil
South Sudan's Kiir Dismisses Finance Minister, Fourth in Three Years
Since 2020, South Sudan's President Salva Kiir Mayardit has dismissed four finance ministers. In March, the leader fired the foreign minister. This dismissal followed the previous week's removal of the defense and interior ministers, who reportedly breached the terms of a peace agreement reached with the country's opposition after a civil war.
South Sudan's
president has dismissed the nation’s Finance Minister Dier Tong Ngor, a media outlet reported.
Bak Barnaba Chol, an economics graduate, would take over as finance minister, the president's spokesperson stated, adding that Kiir frequently reshuffles his government as he sees fit.
According to the spokesperson, the decision was made due to a recent decline in the value of the nation's national currency, the South Sudanese pound.
According to economic estimates, over the last two months, South Sudan's currency has lost around a third of its value versus the US dollar.
The economy of the country heavily depends on revenue from the sale of crude oil.
Moreover, it has faced significant challenges due to a
civil war that lasted from 2013 to 2018.
