The President of South Sudan, Salva Kiir, has exonerated Finance Minister Salvatore Garang Mabiordit at a time when the country has been embroiled in a conflict since the end of 2013, from which it is not yet resolved and is facing an incipient economic crisis.
In a presidential decree read on state television late Wednesday, Kiir reported the Finance Minister’s dismissal and his replacement by Athian Diing Athian without making a statement. The new minister was already number two in this department in 2018 when he was deposed by the president, according to Radio Tamazuj.
The change in the financial portfolio comes at a time when the South Sudanese pound is depreciating to unprecedented levels, which has resulted in a sharp surge in staple food in the markets.
According to the latest data from the central bank, inflation stood at 37.2 percent in April. The South Sudanese economy, which is almost entirely dependent on oil revenues, is also affected by falling oil prices.