Home | News    Thursday 15 September 2016

S. Sudan’s Central Bank sells $10m to commercial banks

separation
increase
decrease
separation
separation

September 15, 2016 (JUBA)- The Central Bank of South Sudan has, in a bid to salvage the country’s crippling economy, auctioned up to $10 million to various commercial banks.

JPEG - 15 kb
Kornelio Koriom, South Sudan Central Bank Governor addresses the media in Juba, September 11, 2012 (ST)

The governor of the Central Bank, Kornelio Koryom said the move was to enable banks supply traders and companies to import goods into the country.

He urged all commercial banks to use the money in a responsible way so as to benefit all people of South Sudan.

"The banks shouldn’t use the money for their own gain. Sell the little you got here in a very responsible way. You can’t be rich in a day," said Koryom.

It is, however, not yet clear as to how much each of the 24 commercial banks operating in the young nation received.

Several traders attribute failure to import goods into the country to the alleged failure by government to pay them for goods supplied in the past.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 15 September 2016 14:15, by Mr Point

    The government says that people "shouldn’t use the money for their own gain ..... You can’t be rich in a day," but Kiir’s 12 year old son manages an oil company.

    Kiir’s wife and her gunmen took over a communications company.

    Kiir has mansions in Kenya but 2 million S Sudanese are homeless because of Kiir’s Wars

    Kiir is a “Smart boy for life enjoying first class”

    War Crimes millionair

    repondre message

    • 15 September 2016 15:51, by Mapuor

      Dear Mr Point

      Your mentors are the most corrupt people in South Sudan.Majak Agot,Oyai Deng Ajak,Pagan Amum,Gier Chuang Aluong,Malek Ruben,Salva Mathok Geng,James Hoth Mai,Pieng Deng Majok etc mercilessly looted South Sudan and bought mansions in the West.

      repondre message

      • 15 September 2016 15:55, by Mapuor

        Dear Koriom Mayiik
        How many times have you auctioned dollars in the past and nothing changed. You killed all government employees by paying them less than 30 dollars a month. Just pay government employees in dollars instead of your barbaric idea of auctioning dollars to commercial banks that are not under your control.

        repondre message

        • 15 September 2016 16:37, by jubaone

          How SPLA Generals have enriched themselves:
          1- inflated numbers of regular army to 350,000. Only 28% were on payroll, the rest money was pocketed;
          2-SPLA procurement, logistics, food etc. not vetted for instead direct to dubious companies;
          3-Old second-hand armoured vehicles purchased from Uganda later disguised as if from Ukraine, rest money shared between Museveni and SPLA generals;

          repondre message

          • 15 September 2016 16:48, by jubaone

            4-Koriom Mayik made direct payments to Malong, no justification (reason=financing war machinery);
            5-War against Dr. Riak (SPLA-IO) necessary in order to avoid accountability and justify plundering the bank reserves;
            6-Unpaid Mathiang Nyors recruited as "cannon feed", against Riak. Many killed, maimed or starve to death rest live on looting, armed robbery and banditry especially in Juba, Wau and Ye

            repondre message

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Dissolution and formation of the Cabinet - 2013 2018-04-20 08:00:00 Amb Telar Deng The events that led to the 2013 dissolution of cabinet can be traced back to the deep mistrust that fermented back in 1991 when leaders failed to close ranks. After the 1991 (...)

The Darfur issue remains in oblivion 2018-04-20 07:36:49 By Mahmoud A. Suleiman The victims and survivors of the atrocious crimes in the Darfur region where very few in the world cares for their plight continue feeling trapped, no way out but at the (...)

IGAD and the question of impartiality 2018-04-20 07:18:21 By Duop Chak Wuol One of the main reasons the Intergovernmental Authority on Development (IGAD) was formed was to maintain peace in the East African region. In its mission statement, the bloc (...)


MORE






Latest Press Releases


Abyei celebrates Mine Awareness Day 2018-04-05 08:52:03 4 April 2018 | Abyei - The United Nations Interim Security Force for Abyei (UNISFA) and the United Nations Mine Action Service (UNMAS) commemorated the International Day for Mine Awareness and (...)

Appeal for forgiveness and pardon of John Agou Wuoi 2018-03-07 08:28:08 H.E. Salva Kiir Mayardit, President and Commander-in-Chief, of the Sudan People's Liberation Army (SPLA), Republic of South Sudan (RSS), 5th February, 2018. Through: Hon. Michael Makuei Lueth (...)

Petition for release of Agou John Wuoi from prison 2018-02-15 20:45:31 Open letter to South Sudan President Salva Kiir Your Excellency, Kindly please permit me to take this rare opportunity to appreciate you for every effort you have made toward making South Sudan (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.