Central Bank Governor admits loss of full control over money circulation CRNTuesday, November 29, 2016 - 08:48
The Governor of the Bank of South Sudan says the banking sector controls only twelve percent of money injected into circulation in the economy. Cornelio Koriom Mayik says individuals control 88 percent of money outside banking system, Juba Monitor reports. He says such huge percentage of money kept outside banking system is worrying. Individual keeping of money is one of the causes of shortage of South Sudanese Pounds in circulation, Governor Koriom explains. Some people withdraw huge money without depositing, he says. Governor Koriom criticizes other government agencies for turning down Central Bank’s efforts to improve the economy. -- To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] Visit this group at https://groups.google.com/d/forum/southsudankob View this message at https://groups.google.com/d/msg/southsudankob/topic-id/message-id For more options, visit https://groups.google.com/d/optout --- 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]. Visit this group at https://groups.google.com/group/SouthSudanKob. To view this discussion on the web visit https://groups.google.com/d/msgid/SouthSudanKob/CAJb14orKpJpVVViC1g3SqxQ6Kvnh2OoZ98Am9Q_0ss%2BqG7q%2BXw%40mail.gmail.com. For more options, visit https://groups.google.com/d/optout.
