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Kiel replaces deputy finance minister

Broadcast United News Desk
Kiel replaces deputy finance minister

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South Sudanese President Salva Kiir on Friday dismissed Maloul Tapdieu, the first deputy minister of the Ministry of Finance and Planning, and appointed Garang Majak Bor as the new minister.

The change was announced in a decree broadcast by the state-owned South Sudan Broadcasting Corporation (SSBC).

president But no reason was given for the change.

South Sudan’s economy has come under pressure in recent months, with revenues from crude oil exports declining since the 2013-2018 conflict and more recently exports disrupted by war in neighbouring Sudan.

Central bank Governor James Arik Garang said in May that South Sudan’s foreign exchange reserves were at a historic low.

The International Monetary Fund predicts that consumer price inflation will reach 54.8% this year.

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