Currency Conversion In Western Equatoria State Was Peaceful The head of Banking Regulations, Policies and Licensing at the Central Bank of South Sudan Dr. John Yien Tut, who led the currency conversion teams in Western Equatoria State (WES) has revealed that currency conversion exercise in State was peaceful and orderly. 30 August 2011 Currency Conversion In Western Equatoria State Was Peaceful Dr. John Yien Tut poses for a photo after debriefing the press on the currency conversion exercise in Western Equatoria State [©Gurtong]
By Juliana Siapai E. Anikpara YAMBIO, 30th August 2011 [Gurtong] - The head of Banking Regulations, Policies and Licensing at the Central Bank of South Sudan Dr. John Yien Tut, who led the currency conversion teams in Western Equatoria State (WES) has revealed that currency conversion exercise in State was peaceful and orderly. Dr. John Yien Tut explained to Gurtong that he divided the exchange teams in two, one to the east and the other to the west from Mvolo to Nagero with a 45-days deadline. The main team coordinated with smaller sub-committees in WES led by Hon Evans Doctor the Minister of Finance in WES. At the beginning it was hard for Dr. John to adapt to the vast locations in the State. It was a surprise for him to learn that there were 10 Counties in WES. Nevertheless he strategized on how to divide and cover all the States. He further mentioned that anyone who appeared after the grace period for conversion with a lot of Sudanese Pounds for exchange had to go through some procedures in order to investigate where the money was coming from since the committee feared money laundry or cases of counterfeit especially with the 20SDG denomination. Dr. John said that they faced a lot of challenges at the start with long queues but with the help of the County commissioners and Payam administrators the exercise went on smoothly. In Yambio town (the Capital of WES) additional tellers were recruited from the Kenya Commercial Bank to speed up the process. Other challenges include poor transport system in the State. Heavy downpour cut off some of the main roads connecting Counties hence transporting cash was impossible. The bridge between Tombura county and Nagero county was completely damaged forcing the commissioner of Nagero County to travel with armed security escort up to the bridge where he linked with the Currency Exchange team from Tombura. The currency conversion team managed to exchange about 40 million SDGs from WES. Dr. John thanked the Western Equatoria State Governor Hon. Bangasi Joesph Bakosoro for the organised security personnel during the exercise. He also appreciated the daily updates as aired by Yambio 90.0 fm radio station and all the State parliamentarians for spending time to support the currency conversion teams in various villages of WES. Posted in: Home, Business Comments RSS comment feed There are currently no comments, be the first to post one. Add Comment Log in to post a comment. If you are not a Gurtong member yet, register here. -- You received this message because you are subscribed to the Google Groups "JFD info" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/jfdinfo?hl=en.
