Central Bank avails USD 100M for essential commodities
Thursday, 10 May 2012 05:31 Lagu Francis Economy >>> . The Central Bank of South Sudan (CBSS) has secured USD 100 million to purchase essential commodities to stabilize and reduce the rising prices in the country. The Deputy Governor of the Bank of South Sudan, John Dor Majok says the money will serve as a Credit Line to finance the importation of essential commodities. According to the minister of Commerce, Industry and Investment, Garang Diing Akuong, the essential non-food and food commodities are wheat flour, rice, cooking oil and fuel. Earlier, the governor of Central Bank Kornelio Koriom told Radio Miraya that they were finalizing arrangement on the credit line. Kornelio said the government had secured a loan from a friendly country that would help stabilize commodity prices in the country for at least six months. -- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/SouthSudanKob?hl=en.
