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South Sudan’s new Central Bank Governor vows to improve economy

JUBA (17 Jan.)

Dr. Othom Rago Ajak, the newly appointed governor of South Sudan’s Central
Bank has pledged to work hard to improve the country’s economy and reduce
inflation.

In his first speech as new central bank governor during the swearing in
ceremony before President Salva Kiir today at the State House, Othom
thanked President Kiir for appointing him as governor of the central bank
of South Sudan. He vowed to exert great efforts to make economic
reforms.“We are grateful to the president for selecting us and putting his
confidence that we can run the bank. However, with the experience, we shall
try our best with what is happening in our economy,” said Othom.

“Of course the problem with the people of South Sudan is the inflation and
instable and unstable exchange rate. We shall be working to address these
issues and hopefully, we shall do something about it,” he added.

The new official said that he will try his level best within his 100 days
in office to ensure there are orders in place to regulate the system and
improve the current situation.

For his part, President Salva Kiir advised the new administration of the
central bank to work hard in order to address the current economic crisis
in the country.“I want to repeat that don’t disappoint your people, because
I followed the news in the evening, and your people had been writing a lot,
congratulating you and thanking me for appointing all of you,” said
Kiir. “Now if they hear tomorrow that you went into a different corner,
they will be very much disappointed, we don’t want this thing to happen. We
are hopeful that you will change the situation and as Stephen (Minister)
says we have lost the value of our currency,” he added.

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