Home | News    Monday 16 January 2017

South Sudan’s President fires Central Bank Governor

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January 15, 2017 (JUBA) – South Sudan President Salva Kiir has fired the country’s Central Bank governor, amidst the worsening economic situation in the young nation.

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Kornelio Koryom Mayiik (Getty)

President Kiir dismissed governor, Kornelio Koryom Mayik and his deputy John Dor through a decree announced on South Sudan Broadcasting Corporation (SSBC).

In a separate decree, the South Sudanese leader appointed Othom Rago Ajak and Dier Tong Ngor as the new governor and deputy governor respectively.

Both the new governor and his deputy were serving in the Central Bank as directors.

In a separate decree announced by President Kiir on Saturday, the deputy minister of finance, Mary Javes Yak and ministry’s undersecretary Salvatore Garang were sacked.

The president appointed Mou Ambrose Ring Thik as the new deputy finance minister.

South Sudan is experiencing tough economic crisis with the local currency (SSP) losing 80% its value after it was floated against the United States dollar nearly 12 months ago.

Prices of the items have also surged in markets as government struggles to pay its staff.

The president did not, however, indicate why he made changes in these two institutions.

(ST)

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  • 15 January 22:15, by Mayok

    Look at this president, what difference will you make while millions of dollar 💵 disappear always in your own office, and where that money comes from? I think fire a bank governor is not a solution of South Sudan 🇸🇸 crisis rather than adjusting yourself and then look 👀 at your surrounding before making a decision or JCE because you both 🏃 the nation like your own property.

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    • 15 January 23:02, by john akeen

      Thank you for saying I think because you don’t know what you are talking about. Reik M he’s firing his IO leaders and replacing them with others, what do you think?

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      • 15 January 23:11, by barbayo

        go and save your family at home you brought South Sudan down from faster country in Africa be now last

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    • 16 January 04:29, by Midit Mitot

      Corrupted guys, let them go, they are ones making this country suffered. Kiir has right to fired them.

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      • 16 January 08:52, by Mayom County Troops

        After what,
        you have hidden all the resources ,now you liars that you relieve Central Bank Governor and is deputy , while you have taken all the resources

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    • 16 January 09:46, by Sadam Kuikoy

      You are absolutely right brother Mayok, the short-wise saying that lazy farmer always blames his hoe is true, this brainless so call kirr is not able to see beyond his nose.the problem is not those guys he fired but the wars he imposed on the people of south Sudan.What changes will that useless decree bring? stupidity will never end in Kirr/Nyakek,s camp.

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    • 16 January 14:16, by Riek Machar

      The government which headed by president Kiir, don’t know how to accommodate the economy, like Koriom, shouldn’t hold the position of central Bank governor.
      it is a regime which is lost the direction of the people of South Sudan.

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  • 16 January 00:30, by Naath

    Look at this Dinka tribal gangs leader is firing people for his own mistakes. Kiir caused the war in the country, steal money and keep hundreds of billion dollars in office. $6 million, $4billion, $6 million, and 280 million have been stollen at his office and has not been firing himself yet. He massacred over 20,000 in three days and has not firing himself yet. What a desperate gang leader!

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    • 16 January 07:41, by jengelon

      Bra Naath
      The president is a believer he himself dos’t know what is going on in his office also keeping money in his office surly is not his idea even he put it in a bank also not safe his surroundings are the hypocrites they misused his trust so please all of you stop blaming innocents focus where Koriom is taking the money right now

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  • 16 January 00:56, by Dinka-Defender-General

    President Kiir, firing people from left to right is not a solution to our problems. Personally, I will stop talking to you about the important issues. We, the intellectual Dinkas people especially generals are tired of all these messes you brought to the country. Why don’t you just sit and listen to the people who can move the country forward. We are tired and frustrated with your leaderships.

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    • 16 January 05:17, by jubaone

      Jienge Defender General,
      True army generals don’t wait and get frustrated like you, they act and make coups and overthrow govts. I am seeing a hopeless, illiterate general who is worse than Kiir. Organize your jienge generals and overthrow Kiir so we take you seriously. Otherwise just defend yourself and your family man.

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  • 16 January 03:40, by Fair Man

    This has been the long awaited decision ever from JCE. Kornolio Koryom has thrown the value of South Sudanese pound in to hell. He should not be allowed to continue trading his surplus hard currency in streets of Juba.
    Let him go home right away or be tried for mismanaging the bank of South Sudan. The most poor performing Governor ever on earth.

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  • 16 January 04:51, by Splm-iG

    The worsening of economic in the country is not connected to any person it is about of war, $100, is now 12,000 SSP. imagine.

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  • 16 January 04:59, by Ayuiu Makuac Lam

    our economic problem is not base on any minister or Governor,
    It is a economic sanctions on our country, because we fighting ourselves,

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  • 16 January 05:13, by Ayuiu Makuac Lam

    If south Sudan, need its economy to be reinstate back to previous step, then let it disarm all unauthorized arm’s,
    > disarm all youths who are killing themselves and innocent lives.
    > disarm the all rebels or to response their need positively, this is where the country economy will be stable,
    it is a sanctions, let us stop war immediately to again back our economy.

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    • 16 January 05:19, by salah

      South Sudan is not subjected to any economic sanction of any kind. There are only a handful number of individuals subjected to targeted sanctions but SS is not under economic sanctions.

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  • 16 January 05:28, by Ayuiu Makuac Lam

    President is always busy calling peace, peace, but no response from any, because no minister or governor who is cooperating with president to cease hostility, therefore;
    ¶ troika and its alliance are eager to impossible any possible obstacles to the people of south Sudan.
    ¶ America and other international body has long hand to destabilize our economic unless the civil war must be eased immediately

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  • 16 January 05:34, by Fair Man

    Jubaone
    Dinka-Defender General does not have a single soldier around him. How do you except him to make a coup? He lacks food let alone manpower for the task. He claims to be close to Kiir but true Kiir’s friends either sit in Beer bar in Amarat and plot ill-intentions for the country or travel abroad. They don’t have time to see the media. Dinka-Defender General is simply a jobless fellow.

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  • 16 January 05:45, by Son of Nuer

    They all newly appointed member are coming from Dinka where is so-called STD and James Wani?

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    • 16 January 06:45, by PEACE FOR ALL

      Son of bitch or son of Nuer, can you check well the tribe background of the new appointees before you comment on tribal leans. the new governor of central Bank of South Sudan is from Shiluk. do not fuel war for self interest. think for the lives of your fellow citizens. shame on you.

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      • 16 January 11:43, by Son of Nuer

        Peace for All
        Kiir name him by mistake any thank for supported your drunkard husband so-called Kuethpiny and your days are numbered my dear

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      • 16 January 11:48, by Son of Nuer

        PEACE FOR ALL, Kiir appoint him by mistake , any way thank for supported your drunkard husband called Kuethpiny

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  • 16 January 06:07, by Fair Man

    Son of Nuer
    This is the most primitvity that Kiir’s advisors have. STD and Igga Wani are only for themselves. They are never consulted in any opinion, JCE is the chief advsisory body, with all its advices binding.Forget about so-called regional balance.They don’t feel ashamed of their deep tribal tendency.

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  • 16 January 08:33, by Dengda

    Better late than never, this long awaiting decision before economic reached this unprecedented trend. Bring in controversial Embros Riing thiik is miscalculation indeed, Riig is members of JCE and tribalist, he shouldn’t be serving as Deputy Finance minister at all. Koryom has destroy Central to the extend it will take decades to reversed his bad deed. Even though koryom and his deputy are fired

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    • 16 January 08:35, by Dengda

      They have dug deep their tunnel in the banking system, so I urge new governor to remain vigilance as they are some elements exist in the structure and that status quo may continues unnoticed.

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    • 16 January 08:42, by jubaone

      Dengda,
      Mou Ambrose Riny Thiik is eldest son of the JCE Chairperson Ambrose Riny Thiik. Who is this man anyway? He doesn’t have any degree or academic credentials in Economics, Finance or Business Management from a recognized institution nor experience whatsoever. He is board member of the failed Buffalo Bank in Juba and KCB. Kiir is rewarding his mentor, the JCE chief with this post. Another lose

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      • 16 January 09:05, by Dinka Aliap Chawul

        This is how you always missed points dear S.Sudanese! Dear so called Nuer Son,you are just madly hating dinkas for nothing even when the subjects does not belong to them, in fact Ojaga or just called it Central Bank New Governor is a Shuluk by tribes follow by Riiny who is Jieng.@Jubaone,what you are trying to play their is a cheap politics no dinka is that stupids to stage a coup against another.

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        • 16 January 09:12, by Dinka Aliap Chawul

          However, what should have been a nice discussions should be why a new governor and his deputy were chosen from the same banks their old bosses and them where working in,they policy which kills 1 and 5 pounds notes,and almost collapse our economy that had affected lives of every poor and rich citizens in S.Sudan was by them,for them and of them against the nation and the people.

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        • 16 January 09:51, by jubaone

          Jienge Aliap,
          Of course no jienge will ever stage a coup against, nor offend a fellow jienge. This exactly explains the reason why jienges CANT and WONT say anything bad against a hopeless benydit/bandit/misfit. Jienges have no sense of morality and conscience and cant tell between good and bad. This is where the problem lies: a jienge is always right.

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  • 16 January 10:17, by Hitler Alive

    The federal reserve is negative,the national debt is trillion dollars,billion of pounds in boxes under beds,no banking laws. The appointment has to be vetted through the fiction pulp parliament so as to hire a professional governor who will work independently from the presidency.It is too late to overhaul current economic turmoil. Brainless!

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  • 17 January 01:27, by Gabriel KK

    President was warned before the appointment of Koryom and he chose to ignored the warning. Koryom was a banker in Khartoum and the bank he worked for collapsed due to his poor management and corruption. How do you expect such a person to govern government’s money in first place? Well, Koryom might be on the way to join rebels. His sacking is nothing if he is not investigated and held accountable.

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