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.
Published 14 hours ago
Published 15 hours ago
Published 17 hours ago
Published 18 hours ago
Published 19 hours ago
Published Saturday, March 25, 2023
Support Eye Radio, the first independent radio broadcaster of news, information & entertainment in South Sudan.
Make a monthly or a one off contribution.
Copyright 2023. All rights reserved. Eye Radio is a product of Eye Media Limited.