{"id":7186,"date":"2022-01-06T18:03:47","date_gmt":"2022-01-06T18:03:47","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/bring-exchange-rate-down-new-central-bank-governor-told"},"modified":"2022-01-06T18:30:44","modified_gmt":"2022-01-06T18:30:44","slug":"bring-exchange-rate-down-new-central-bank-governor-told","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/bring-exchange-rate-down-new-central-bank-governor-told","title":{"rendered":"Bring -exchange rate down, new Central Bank governor told"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>President Salva Kiir Mayardit directed the new governor of the central bank, Moses Makur Deng to further bring down the exchange rate against hard currency to help curb the inflation.<\/p>\n

Mr. Deng replaced Dier Tong Ngor as the Governor of the Bank of South Sudan (BOSS) who was fired on Monday, January 5, 2022.<\/p>\n

During his swearing in at the state house, J1 yesterday, President Kiir told the new governor to do what is right for South Sudanese: bring down the foreign exchange rate to the lowest possible value against the national currency,South Sudanese Pound.<\/p>\n

\u201cWhat we want from you as people of South Sudan is either you maintain the dollar rate where it is or you bring it down to the lowest,\u201d Kiir stressed. \u201cIf you do that then it means you have encouraged us from having brought you and we shall have a good economy in South Sudan,\u201d he added.<\/p>\n

The head of state urged to embark on implementing policy reforms to revamp the economy and stimulate development.<\/p>\n

\u201cDo what is right and leave what is wrong, by that, we will be able to develop our country,\u201d he said.<\/p>\n

Being the governor of the national bank, Mr. Deng is tasked with overseeing and controlling the banking industry by setting monetary and regulatory policies, determining interest rates as well as lower the prices and controlling money supply and issuance among others.<\/p>\n

But the economy has for long suffered decline and fluctuation of dollar against South Sudanese Pound (SSP) although the exchange rate has slightly stabilized after the former governor Dier Tong Ngor initiated some Public Finance Management (PFM) reforms.<\/p>\n

Under Ngor\u2019s leadership, the bank introduced wide-ranging reforms including weekly sell of millions of dollars to commercial banks and forex bureaus to withdraw excess liquidity from circulation and help stabilize exchange rate.<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. President Salva Kiir Mayardit directed the new governor of the central bank, Moses Makur Deng to further bring down the exchange rate against hard currency to help curb the inflation. Mr. Deng replaced Dier Tong Ngor as the Governor of the Bank of South Sudan (BOSS) who was fired on Monday, January […]<\/p>\n","protected":false},"author":84,"featured_media":7185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234,265,233],"class_list":["post-7186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"\nBring -exchange rate down, new Central Bank governor told - South Sudan<\/title>\n<meta name=\"description\" content=\"President Salva Kiir Mayardit directed the new governor of the central bank, Moses Makur Deng to further bring down the ...\" \/>\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\/bring-exchange-rate-down-new-central-bank-governor-told\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bring -exchange rate down, new Central Bank governor told\" \/>\n<meta property=\"og:description\" content=\"President Salva Kiir Mayardit directed the new governor of the central bank, Moses Makur Deng to further bring down the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/bring-exchange-rate-down-new-central-bank-governor-told\" \/>\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=\"2022-01-06T18:03:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-06T18:30:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2022\/01\/img-61d7353a7c99c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"481\" \/>\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\/bring-exchange-rate-down-new-central-bank-governor-told#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/bring-exchange-rate-down-new-central-bank-governor-told\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bring -exchange rate down, new Central Bank governor told\",\"datePublished\":\"2022-01-06T18:03:47+00:00\",\"dateModified\":\"2022-01-06T18:30:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/bring-exchange-rate-down-new-central-bank-governor-told\"},\"wordCount\":323,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/bring-exchange-rate-down-new-central-bank-governor-told#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2022\/01\/img-61d7353a7c99c.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/bring-exchange-rate-down-new-central-bank-governor-told#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/bring-exchange-rate-down-new-central-bank-governor-told\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/bring-exchange-rate-down-new-central-bank-governor-told\",\"name\":\"Bring -exchange rate down, new Central Bank governor told - 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