JUBA-President Salva Kiir Mayardit has instructed the Bank of South Sudan to take decisive measures to stabilize and restore the value of the South Sudanese Pound amidst rising inflation.
The directive was issued on February 26th,2025 during the swearing-in ceremony of Dr. Addis Ababa Othow as the new First Deputy Governor of the Central Bank.
President Kiir emphasized the need for collaboration among Central Bank officials to fulfill its mandate effectively.
He expressed confidence in the new leadership's ability to guide the country's economy toward recovery.
Central Bank Governor Johnny Ohisa Damian and Dr. Addis Ababa Othow pledged to work together to enhance the institution's performance. The Bank of South Sudan is tasked with ensuring price stability and maintaining a sound financial system to support sustainable economic growth.