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South Sudan told change of currency will not affect existing economic reality

by Sudans Post
October 9, 2020

South Sudan's President Salva Kiir attends the state funeral of Kenya's former president Daniel arap Moi, at Nyayo Stadium in the capital Nairobi, Kenya, Feb. 11, 2020. [Photo by John Muchucha/AP]
South Sudan’s President Salva Kiir attends the state funeral of Kenya’s former president Daniel arap Moi, at Nyayo Stadium in the capital Nairobi, Kenya, Feb. 11, 2020. [Photo by John Muchucha/AP]
JUBA – A South Sudanese economic analyst has told the government in Juba that change of currency will not affect the pre-existing economic crisis in the world’s youngest country, and called for rejuvenation of relations with Washington and Western powers.

This comes a day after the government announced through the minister of information and government spokesman, Michael Makuei Lueth, that it will introduce a new currency in the country to improve the ongoing economic crisis.

Professor Akim Ajieth, a Juba-based economist, said the decision by the government will not change the current economic reality saying the problem is with the way in which the government is running the economy.

“Changing the currency is not going to be the solution. The problem is not with the currency, the problem is with the way our economy is being managed,” Ajieth said in an interview quoted by Radio Tamazuj.

The economist said the government should improve relations with the United States, the largest aid provider to the East African country, and its Western allies.

“The solution to this situation is for the government to engage the right people who can come up with strategies on how to reform the economy,” he said.

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Comments 2

  1. Khaman Terkoch says:
    5 years ago

    The problem is not in the currency, but it is in the way government of South Sudan use thier resouces to harder thier own live. This give us a false hope for South Sudan to come into a stable currency, the issue of dollar has cause the price of commondities highter.

    Reply
  2. Garang Marou Akot says:
    5 years ago

    It’s not a real solution to the current economic crisis in the Republic of South Sudan but according to my political analysis, it is another way of catching the most corrupt elites because they are going to deposit their money.
    The government is not dealing with economic problems because the problem itself is not far away from them.

    Reply

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