South Sudan’s president has again dismissed the governor of its central bank and replaced him with a candidate of his choice, as the country faces what one expert calls “economic and political collapse”.
President Salva Kiir fired Bank of South Sudan governor Othom Rago Ajak on May 10, and replaced him with Dier Tong Ngor, according to local reporters, who describe Ngor as a former deputy governor of the central bank. Kiir also appointed Albino Dak Othow as deputy governor.
South Sudan is
- Reserve manager of the year: Bank of Mexico
- Initiative of the year: RBNZ’s Financial Strength Dashboard
- BoJ must normalise policy to cope with ageing population – former official
- Malta’s crypto asset plan means greater money laundering risks, IMF warns
- Innovation in reserve management: BNP Paribas Asset Management