South Sudan President Salva Kiir has sacked the governor of the central bank and the countrys finance minister after less than a year in their roles.
The central banks First Deputy Governor Johnny Ohisa Damien will take over as acting governor from Moses Makur Deng, who was
appointed in January, according to a decree read on state-run South Sudan Broadcasting Corp. Dier Tong Ngor, who was sacked as central bank governor in January, will replace Agak Achuil Lual as finance minister, a role Lual was
given in November.
The decree didnt provide any reasons for the moves.
South Sudan is recovering from years of crisis that left 400,000 people dead, slashed crude oil production and led to economic chaos. The South Sudanese pound was trading at 667 per dollar at the central bank and 700 per dollar on the parallel market on Friday, down from about 400 per dollar two months ago.
Supply-chain disruptions caused by the war in Ukraine have exacerbated food shortages caused by a drought in East Africa and the impact of Covid-19 in South Sudan. The US
has provided $223 million of funding through the United States Agency for International Development to for hunger relief in the country.
This story was produced with the assistance of Bloomberg Automation.