Archive for April 6, 2019


By Malith Alier, Perth, Australia

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Saturday, 6 April 2019 (PW) – The Bank of South Sudan (BSS), originally a regional branch of the Bank of Sudan took over the responsibility of being the central Bank for the newly formed country in 2011. The 2011 Act, establishing the BSS, authorised it to regulate all the financial institutions in the country including the commercial banks.

The late Elijah Malok Aleng, was the first governor of the Bank of Southern Sudan up until shortly after independence. He stayed in the office for a few months after July 9, 2011 and was replaced by Cornelius Koriom Mayik, his former deputy.

Fact or fiction, Mr. Aleng was rumoured to have given a symbolic broom to the country’s ruler during handover. That was not the “new broom sweeps clean,” literally according to the rumour. It might have meant a licence for clearing whatever he built and sustained during the six-year interim period by the new and untested governor. The new governor-designate to take over had previously presided over the collapse of a private bank in the immediate past.

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