What Position is the Governor of Central Bank Gunning for in South Sudan?
By Abraham Majur Mading, Kampala, Uganda
December 21, 2015 (SSB) — South Sudanese citizens should be cautious of what so called the governor of central bank with his useless character because this mishmash is deadly with most horrible mismanagement of South Sudan central bank, he went on to systematically mismanage the implementation of central bank policy leading to this worst financial crisis in the history of South Sudan.
As governor of central bank, he failed to sufficiently supervised and he will be remember in his time with key of violation requirement of central bank success, the governor is ill-positioned to deal with this current financial crisis in the country.
In fact the economy of South Sudan was brought up to its knees by late Elijah Maluk, in 2011-2013, so it should be noticed in this record of South Sudan central bank that Koryom, has on its own-handed mismanagement of banking sector, which led to this an unbelievable accumulation being the total face value.
It is only in South Sudan where someone who perpetrated such a substantial economic act of violence would have the gall to make assertion on public charge and the management of the economy.
The economy is downing out of touch with what is happening with the mismanagement of this economy and the imposition of the harshness procedures. The present fall of South Sudan currency without control has given every charlatan the opportunity to attack our economy.
During Late Elijah Maluk, from 2011-2013, the economy of South Sudan was growing well under whose his leadership that was in good performance and is indeed remarkable time with no single inflation digit from 2011-2013, than this rotten current central bank policy without no control of inflation, there is no exception and suitable fiscal and financial policy measures that are being puts by the government to manage this situation.
Those selling dollars on the streets today in Juba are just dealing with the comprehensive challenges of unemployment; it is not an easy task in the new nation to do that risk business but people need more to be done by government that will have good progress in the nation and to help the economy growth.
This is the corridor that government of South Sudan has been fail and the reaction to this economic astonish has been known by all South Sudanese citizens from the rural and urban areas due to the increase of commodities prices and the administration intends that is focus on managing this crisis appropriate, this year is a difficult year for South Sudanese citizens and nobody known’s what next year is going to be.
The government has not been pursuing the right economic policies and its effort to acknowledge on a national scale and internationally and citizens cannot go on individual or somebody subjective view driven by bitterness and fury decision he made against the people.
We need to look to the truth and to professionalism and this is where Koryom, had completely failed the economy of South Sudan. He has improved nothing and the national economy of South Sudan ending in catastrophe.
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