Gov’t warns traders of exploitation for ‘unlawful’ gains

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South Sudan government has warned traders against exploiting the current status of the country’s economy for unlawful gains.

This comes after many traders in the world’s youngest country decided to close shops in Juba, Rumbek and other important towns yesterday after the local currency dramatically lost its value against foreign currency yesterday by 45%.

Speaking to reporters following an extra-ordinary meeting in Juba on Wednesday, information minister and government spokesman Michael Makuei Lueth accused some traders of trying to destroy the economy.

South Sudan government has warned traders against exploiting the current status of the country’s economy for unlawful gains.

This comes after many traders in the world’s youngest country decided to close shops in Juba, Rumbek and other important towns yesterday after the local currency dramatically lost its value against foreign currency yesterday by 45%.

Speaking to reporters following an extra-ordinary meeting in Juba on Wednesday, information minister and government spokesman Michael Makuei Lueth accused some traders of trying to destroy the economy.

“This is not healthy and as such we also appeal to them to keep to their prices because at the end of the day you will be making a wrongful and unlawful gain,” he added.

Makuei’s comments came hours after president Salva Kiir’s office denied yesterday that the government has agreed to change the local currency to improve the increasingly falling economy.

Makuei had said last week that the cabinet had agreed to change the country’s currency, apparently to force hoarders to take their money to banks.

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