South Sudan's President Salva Kiir has dismissed the central bank governor and appointed a replacement. The dismissal of Dier Tong Ngor was announced in a presidential decree read on the national broadcaster on Monday night. No reasons were given for his sacking.<br />''<br />''He was 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 drop in global oil price as a result of Covid-19 pandemic.<br />''Some South Sudanese online have welcomed the appointment of Mr Deng and urged him to improve the economy.<br />
News On AIR | January 4, 2022 7:39 PM
South Sudan's President dismisses central bank governor, appoints replacement