The President of South Sudan, Salva Kiir, by decree, sacked the governor of the Central Bank Dier Tong Ngor and appointed a new head of the institution. The dismissal of Mr Ngor was announced on the national broadcaster on Monday night but no reasons were given. Moses Makur Deng who …
Read More »South Sudan issues new banknote amid high inflation
South Sudan’s central bank on Tuesday introduced a banknote of 1,000 South Sudanese pounds (SSP), the largest denomination in the country, amidst high inflation. The local currency continues to depreciate against foreign currencies, but Bank of South Sudan governor, Dier Tong Ngor, said the new banknote “will partially restore the …
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