South Sudan’s President Salva Kiir fires Central Bank governor

South Sudan’s President Salva Kiir has fired Central Bank governor Jamal Wani, as the country battles a struggling economy.

The announcement was made in a presidential decree read on State-run TV SSBC, which also included the appointment of Dier Tong to replace Mr. Wani.

The president did not give reasons for firing Mr. Wani, but said he was exercising presidential powers enshrined in the constitution.

Mr. Tong, the new Central Bank governor, had previously served in the same position from May 2018 to January this year, when President Kiir fired him and appointed his predecessor Mr. Wani.

In September, President Kiir made sweeping changes to his administration, as he sacked Minister of Finance and Planning Salvatore Garang, acting National Revenue Authority (NRA) Commissioner-Genera; Erjok Bullen Geu and Nile Petroleum Corporation (Nilepet) head Dr. Chol Deng.

South Sudan’s economy has been struggling since Africa’s youngest nation gained independence in 2011, with ongoing conflict and dependence on oil responsible for a deteriorating currency, run-away inflation and rising poverty.

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