THEJUBAMIRROR
(Monday, 1st August 202 )His Excellency President Salva Kiir Mayardit has today (Monday, 1st August 2022), received briefings about the current economic situation in the Country especially on how to mitigate the rising prices of food commodities in the market, dollar rate and payment of salaries and arrears.
The President was briefed in his Office by the Minister of Presidential Affairs Hon. Dr. Barnaba Marial Benjamin, Minister of Finance and Planning Hon. Agak Achuil Lual, Minister of Petroleum Hon. Puot Kang, Governor of Central Bank Hon. Moses Makur Deng and Economic professor, Dr. Lual Achuek.
After thorough deliberation on the current economic situation, The meeting agreed for a short term solution to stabilise the economy as it continues to work for the long term solutions. “We have agreed that, one cargo of crude will be earmarked for salaries, and every month that cargo will be sold in form of dollars and proceeds will come to the Ministry of Finance and Planning and therefore the Ministry of Finance through the Bank of South Sudan will pay the salaries and arrears, by buying the South Sudanese pounds from the bank of South Sudan. The bank of South Sudan will use the dollar to stabilise and maintain the dollar rate in the market as a short term solution.” Hon. Agak Lual Achuil said to the Media after the meeting.
Meanwhile, The Minister of Petroleum Hon. Puot Kang urged South Sudanese business community not to exaggerate the situation in the market by rising the prices of commodities. He urged them to be patriotic and do what is just for the people. Furthermore, Hon. Puot Kang said the team will do exactly what they have been directed by H. E. the President.
Source: Office of President of the Republic of South Sudan ©
