Commercial banks say US Dollars are given to fuel importers
Wednesday, 18 July 2012 08:45 Mabior Mach South Sudan >>> . As a fuel scarcity haunts Juba again, commercial banks said on Wednesday they have been releasing US dollars to oil dealers to import fuel. The Executive Director of Equity Commercial Bank, Paul Gitahi, said his bank receives US $300,000 weekly from the Central Bank, which it in turn, makes available to fuel companies. Gitahi told Radio Miraya that the Central Bank and the association of petrol dealers were responsible for identifying companies that need to access the US dollars. The Assistant Manager of Oil Company Ltd, Mariel Garang Kaui, on Tuesday told Radio Miraya that the shortage of fuel was a result of lack of US dollars to import more fuel. In April, the Central Bank announced it would be allocating one million US dollars to commercial banks weekly, for fuel imports. -- 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 https://groups.google.com/groups/opt_out.
