South Sudan president grants independence of Central Bank ...Sudan

May 31, 2024 (JUBA) – South Sudan President Salva Kiir has granted the independence of the Central Bank as part of efforts to avert political interference as well as strengthen its ability to control foreign exchange rates and inflation. The directive, announced on the state-owned television (SSBC) on Thursday, also seeks to implement the provision of the 2018 peace agreement advocating for economic reforms and the independence of the bank on monetary policies. Others, however, see it as the implementation of the 2023 Bank Act, granting the bank a mandate to execute statutory and supervision functions without seeking directives and guidance from the Finance ministry or the office of the pre

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