South Sudan’s President Salva Kiir Mayardit has dismissed two senior officials at the central bank of South Sudan, according to a presidential decree released on Monday.
The decree states that Samuel Yanga Mikaya, first deputy bank governor responsible for policy and banking, and Rita Nyankir Akoon, second deputy bank governor for administration and finance, have been relieved of their duties with immediate effect.
In their place, Kiir named Tong Akech Deng Aguong as first deputy governor for policy and banking and Weituy Luony Baboth as second deputy governor for administration and finance. The president thanked the outgoing officials for their service and conveyed his best wishes to the newly appointed leadership.
The changes take effect immediately, according to the press release issued by the Ministry of Presidential Affairs.
The central bank is responsible for formulating and implementing monetary policy, issuing the national currency — the South Sudanese pound (SSP) — regulating commercial banks and managing foreign exchange reserves.
The central bank has faced persistent challenges including runaway inflation and repeated currency devaluations.
Leadership changes at the Bank of South Sudan have been frequent. President Kiir has repeatedly reshuffled senior management, including governors and deputy governors, as part of efforts to restore confidence, curb inflation and stabilise the exchange rate.