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Currency devaluation: Adigo asks Koryom, Athorbei to resign

Author : | Published: Thursday, December 17, 2015

The minister of finance and the governor of the Central Bank should resign for devaluing the South Sudanese Pound, the Leader of Minority in the National Assembly has said.

Minister Deng Athorbei and bank governor Kornelio Koryom announced on Tuesday that the official rate of 2.96 against the US dollar has been abandoned.

The rate would be determined by market forces. The initial rate was 18.5, but Hon Onyoti says this could lead to more suffering of the people.

“You have thousands of people who are not working; they are going to be affected by this; thousands of people have low income,” he stressed. “Our people are going to suffer more because of the lack of studying.”

Mr Adigo says the two officials have failed the people and has called for suspension of the devaluation.

 

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