President Salva Kiir sacks finance minister Bak Barnaba Chol

South Sudan President Salva Kiir has sacked Finance Minister Bak Barnaba Chol without explanation, appointing engineer Daniel Daniel Chuong as his replacement.

Chuong, formerly the Petroleum Minister, was serving as a technical adviser before this role.

The change comes amidst soaring inflation and the South Sudanese pound’s steep decline, hitting a record low of 1,800 units against the US dollar compared to 1,100 units three months prior.

The nation aims to boost daily oil production from 150,000 to 175,000 barrels to shore up the economy.