South Sudan’s President Salva Kiir has dismissed the central bank governor and appointed a replacement. The dismissal of Dier Tong Ngor was announced in a presidential decree read on the national broadcaster on Monday night. No reasons were given for his sacking. He was replaced by Moses Makur Deng who has been a director-general in charge of banks’ supervision and research at the bank. South Sudan’s economy is driven by oil, which accounts for nearly 90% of the country’s national budget. The economy is in a bad shape due to the conflict and the drop in global oil price as a result of Covid-19 pandemic. Some South Sudanese online have welcomed the appointment of Mr Deng and urged him to improve the economy.
