Battered South Sudan currency cries for change

South Sudanese President Salva Kiir attends a press conference on February 15, 2020 in Juba.

Photo credit: Peter Louis | AFP

What you need to know:

  • As the country’s economic experts advise tighter monetary policies on exchange rates, President Salva Kiir and his top officials have made a series of decisions, just weeks after he admitted the country’s export revenues had run dry.
  • On Thursday, President Salva Kiir reconstructed the Board of Directors of the Nile Petroleum and Gas Cooperation, NilePet. 
  • In June, the government said it intended to borrow $500 million from Afreximbank to fund government activities.

Juba,

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