21.5 C
Brisbane
Wednesday, September 23, 2020

Closure of “special” bank accounts by S. Sudan Gov’t

Must read

Kiir’s Government lacks legitimate parliament -EU

The European Union (EU) regrets that South Sudan does not have a legitimate legislative assembly that would be key to matters that...

Mabior Condemns Police’s Brutality in Bor Town

Tomori, NCMP - According to a letter seen by NCMP, dated 23rd September 2020. The Secretary-General of Defunct Jonglei State condemned the...

Plastic face shields do not stop the spread of COVID-19, study claims

Plastic face shields are all but useless when it comes to defeating the spread of the coronavirus, according to a new Japanese...

Time to support Uganda’s healthcare workers against Covid-19

Recently, there were reports that out of the 75 new Covid-19 cases in Kampala, most were healthcare workers. This statistic, which roughly translates...

South Sudan’s Central bank Governor Jamal Abdalla Wani has ordered the closure of bank accounts designated by the bank as “Special Accounts” seen by NCMP

According to senior finance ministry officials, the “Special Accounts” belong to senior government officials.

The letter dated August 19, ordered the Stanbic Bank, a South African bank operating in many parts of Africa including South Sudan, to close all of “accounts designated by the Bank of South Sudan as “Special Accounts.”

“Reference is hereby made to the Circular No: DCB/2/2017 issued on 21″, July 2017 together with the Circular No: DCB/1/2020 issued on 24 April 2020 on the Amendment on Guidelines on the Management of Accounts Designated by the Bank of South Sudan as ‘Special Accounts.”

Letter from Central Bank Governor to Stanbic Bank (Document obtained by NCMP)

“The circulars are hereby revoked with immediate effect, and the Bank of South Sudan has closed the ‘Special Accounts’,” the document said.

The closure of the accounts comes a day after a senior government official revealed that the Central Bank of South Sudan (CBOSS) had run out of foreign exchange reserve and that it was struggling to control the dollar price which has been skyrocketing in recent days.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

Kiir’s Government lacks legitimate parliament -EU

The European Union (EU) regrets that South Sudan does not have a legitimate legislative assembly that would be key to matters that...

Mabior Condemns Police’s Brutality in Bor Town

Tomori, NCMP - According to a letter seen by NCMP, dated 23rd September 2020. The Secretary-General of Defunct Jonglei State condemned the...

Plastic face shields do not stop the spread of COVID-19, study claims

Plastic face shields are all but useless when it comes to defeating the spread of the coronavirus, according to a new Japanese...

Time to support Uganda’s healthcare workers against Covid-19

Recently, there were reports that out of the 75 new Covid-19 cases in Kampala, most were healthcare workers. This statistic, which roughly translates...

South Sudan Unveils Three-Pronged Approach to Fix Its Economy

In a report seen by NCMP, South Sudan’s new finance minister is determined to check runaway inflation as the first step in...