{"id":59313,"date":"2024-05-31T17:08:45","date_gmt":"2024-05-31T17:08:45","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/kiir-declares-central-bank-independent-institution"},"modified":"2024-05-31T17:55:50","modified_gmt":"2024-05-31T17:55:50","slug":"kiir-declares-central-bank-independent-institution","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/kiir-declares-central-bank-independent-institution","title":{"rendered":"Kiir declares central bank \u2018independent\u2019 institution"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Sudan. <\/strong><\/span>South Sudan\u2019s President Salva Kiir Mayardit has issued a republican decree granting the Bank of South Sudan (BoSS) operational independence, strengthening its authority in managing the country\u2019s financial sector.<\/p>\n<p>The move, announced on the state-owned South Sudan Broadcasting Corporation (SSBC) on Thursday night, aligns with the implementation of the 2018 revitalized peace agreement he signed with opposition leader, an now his first deputy, Riek Machar.<\/p>\n<p>The decree cites Article 182(8) of the constitution alongside a 2023 amendment to the BoSS Act, stipulating the bank\u2019s authority \u201cto exercise its powers and functions without any interference from other government institutions and individuals.\u201d<\/p>\n<p>This empowers the BoSS to set monetary policies aimed at domestic price stability, manage currency issuance, regulate the financial sector, and oversee the country\u2019s foreign exchange reserves.<\/p>\n<p>Kiir directed all financial institutions and individuals to cooperate with the BoSS in implementing the order. The decree itself, signed by Kiir, emphasizes the bank\u2019s ability to function \u201cwithout interference.\u201d<\/p>\n<p>\u201cAll relevant government institutions and other financial institutions including individuals are hereby directed to comply with this order,\u201d the decree states.<\/p>\n<p>Established in 2011, the BoSS replaced the defunct Bank of Southern Sudan, which previously operated under Sudan before South Sudan\u2019s independence.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/south-sudan\">South-Sudan<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Sudan. South Sudan\u2019s President Salva Kiir Mayardit has issued a republican decree granting the Bank of South Sudan (BoSS) operational independence, strengthening its authority in managing the country\u2019s financial sector. The move, announced on the state-owned South Sudan Broadcasting Corporation (SSBC) on Thursday night, aligns with the implementation of the 2018 revitalized peace [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":59312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,233],"class_list":["post-59313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kiir declares central bank \u2018independent\u2019 institution - South Sudan<\/title>\n<meta name=\"description\" content=\"South Sudan\u2019s President Salva Kiir Mayardit has issued a republican decree granting the Bank of South Sudan (BoSS) opera ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/kiir-declares-central-bank-independent-institution\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kiir declares central bank \u2018independent\u2019 institution\" \/>\n<meta property=\"og:description\" content=\"South Sudan\u2019s President Salva Kiir Mayardit has issued a republican decree granting the Bank of South Sudan (BoSS) opera ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/kiir-declares-central-bank-independent-institution\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-31T17:08:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-31T17:55:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/05\/sm_1717165084.045197.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1889\" \/>\n\t<meta property=\"og:image:height\" content=\"875\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/kiir-declares-central-bank-independent-institution#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/kiir-declares-central-bank-independent-institution\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kiir declares central bank \u2018independent\u2019 institution\",\"datePublished\":\"2024-05-31T17:08:45+00:00\",\"dateModified\":\"2024-05-31T17:55:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/kiir-declares-central-bank-independent-institution\"},\"wordCount\":219,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/kiir-declares-central-bank-independent-institution#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/05\/sm_1717165084.045197.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/kiir-declares-central-bank-independent-institution#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/kiir-declares-central-bank-independent-institution\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/kiir-declares-central-bank-independent-institution\",\"name\":\"Kiir declares central bank \u2018independent\u2019 institution - 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