Parliament Postpones Sitting on Currency Devaluation The leadership of the South Sudan National Parliament on Monday postponed a scheduled sitting to grill the Governor of the Central Bank Kornelio Koryom and the Minister of Finance Aggrey Tisa over devaluation of the country’s currency. 19 November 2013 The parliament leadership yesterday decided to abruptly announce for the cancellation of the sitting until further notice and decided to convene an SPLM Caucus meeting. [File]
*By Waakhe Simon Wudu* *JUBA, 19 November 2013 [Gurtong] -* The two were summoned last week by the Parliament after announcing a decision that devalued the South Sudanese Pounds. Kornelio appeared before the August House last week since Tisa was away. Parliament grilled the Governor until he was made to revoke the decision which the parliamentarians said “cannot work” though he could not explain the reason as to why the decision was taken, saying they took the move together with the Finance Minister and parliament can only be explained the move by the two when present. The two senior government officials were expected to appear yester-morning before the MPs according to a ruling passed last week based on the resolutions of the parliamentarians. The parliament leadership decided to abruptly announce for the cancellation of the sitting until further notice and decided to convene an SPLM Caucus meeting. The two financial institutions devalued the currency by increasing $1 dollar to 4.50 South Sudanese Pounds from 2.9 South Sudanese Pounds previously. Kornelio Koryom then explained in a circular released that the move is aimed at bettering the economy of the fledgling nation. However, public seemed to be not convinced on the reasons for the devaluation, since explanation as what compelled the move was not outlined. Posted in: Home<http://www.gurtong.net/ECM/Editorial/tabid/124/ctl/CategoryView/mid/519/categoryId/1/Home.aspx>, Business<http://www.gurtong.net/ECM/Editorial/tabid/124/ctl/CategoryView/mid/519/categoryId/2/Business.aspx>, Parliaments<http://www.gurtong.net/ECM/Editorial/tabid/124/ctl/CategoryView/mid/519/categoryId/33/Parliaments.aspx> -- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/SouthSudanKob/CAJb14oro77TzKH2F-a1yB_ghaJJqgaor1SvZXeYH_cRi3GY5CQ%40mail.gmail.com. For more options, visit https://groups.google.com/groups/opt_out.
