South Sudan President sacks central bank governor

– – South Sudan’s President Salva Kiir has sacked the central bank governor. The dismissal of Dier Tong Ngor was announced in a presidential decree read on the national broadcaster. No reasons were given for his sacking. He has been replaced by Moses Makur Deng who has been a director-general in charge of banks’ supervision and research at the bank.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…

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