Central bank governor urges commercial banks to promote exports
Friday, 13 July 2012 09:50 Lagu Francis Economy >>> . The Governor of the Central Bank of South Sudan, Kornelio Koriom Mayiik has called on commercial banks in the country to encourage exports to increase revenue and reduce dependence on imported goods. Koriom made the appeal in Juba on Friday while speaking at the official launch of the South Sudan Bankers Association. He also advised the banks to provide services that would encourage the business community to get involved in ventures outside the oil sector to reduce dependence on oil. The Association's Chairperson, Thuch Malweth Chol cited lack of incentives and illegal money changers as key challenges facing the banking industry. Malweth said the illegal money changers should be registered and given operational licenses. The South Sudan Bankers Association which was formed in August 2010 has a membership of 15 commercial banks. However the association was not officially launched until Friday. -- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" 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/SouthSudanKob?hl=en-US.
