South Sudan's Kiir fires finance minister in latest abrupt cabinet change

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

South Sudan President Salva Kiir has fired Finance Minister Dier Tong Ngor, the latest abrupt cabinet change in the East African country, and a spokesperson for Kiir linked it to a recent slump in the South Sudanese pound.

"You have seen what's happening in the market, I mean how the U.S. dollar is appreciating against the South Sudanese pound," the spokesperson said, when asked why Ngor had been removed after about a year in his post.The new finance minister will be Bak Barnaba Chol, an economics graduate who is seen as a close political ally of Kiir, the spokesperson said, adding it was routine for Kiir to make cabinet changes when he felt it was necessary.

South Sudan's currency has fallen by around one-third against the dollar in the past two months, with analysts saying factors pushing it down include economic instability caused by communal violence and Kiir's failure to closely adhere to a 2018 peace deal.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines