By Matik Kueth
President Salva Kiir on Monday sworn in Yeni Samuel Costa, the newly appointed Governor of the Bank of South Sudan (BoSS), tasked with steering the nation through a critical liquidity crisis and restoring public confidence in the country’s financial system.
He appealed to the bank’s leadership to urgently implement policies aimed at maintaining price stability and fostering a healthy domestic economy.
Alongside the new Central Bank Governor, Kiir also swore in the Chairperson and members of the Board of the National Communication Authority (NCA), emphasizing the importance of delivering reliable and accessible communication services nationwide.
Officials expressed optimism that the newly appointed team at the Central Bank would spearhead reforms, enhance transparency, and improve service delivery in the financial sector.
South Sudan’s economy has faced recurring liquidity challenges, with limited foreign reserves and rising inflation impacting businesses and households alike.
The BoSS, tasked with regulating the financial system and stabilizing the currency, has struggled to assert its mandate fully.
The new leadership is expected to prioritize monetary reforms, strengthen banking oversight, and rebuild confidence among local and international stakeholders.