South Sudan's English Daily Newspaper
"We Dare where others fear"
By Okech Francis
The new Finance Minister Awou Daniel Chuang has vowed to curb the economic crisis and hyperinflation that has sent the South Sudanese Pounds tumbling and created exorbitant prices on consumer goods in the country.
That has been a daunting task and elusive for many of his predecessors who have seen the boot out of that office.
Chuang was appointed over the weekend in a decree by President Salva Kiir to replace Bak Barnaba Chol who lingered only six months in office.
No reasons were cited for the changes which comes at a time when South Sudan is experiencing a hyperinflation with goods in the country tripling in prices and the dollar gaining higher every day.
At his swearing in yesterday, Chuang was directed by President Kiir to work with the Central Bank Governor, James Alic Garang, “to urgently curb the economic inflation facing the country,” a statement on the Facebook page of the office of the President said.
It said Kiir “expressed confidence in Awou’s long track record of experience and dedication to public service, urging him to implement policies that will lift the economic burden on the people.”
“On his part, Hon.Awou acknowledged the severity of the economic crisis and vowed to take decisive action to curb the hyperinflation and stabilize consumer market prices across the country,” the statement said.
