S. Sudan’s Central Bank sells $10m to commercial banks [image: separation][image: decrease] <http://www.sudantribune.com/spip.php?article60241#> [image: separation] [image: separation] ------------------------------
September 15, 2016 (JUBA)- The Central Bank of South Sudan has, in a bid to salvage the country’s crippling economy, auctioned up to $10 million to various commercial banks. [image: JPEG - 15 kb]*Kornelio Koriom, South Sudan Central Bank Governor addresses the media in Juba, September 11, 2012 (ST)* The governor of the Central Bank, Kornelio Koryom said the move was to enable banks supply traders and companies to import goods into the country. He urged all commercial banks to use the money in a responsible way so as to benefit all people of South Sudan. "The banks shouldn’t use the money for their own gain. Sell the little you got here in a very responsible way. You can’t be rich in a day," said Koryom. It is, however, not yet clear as to how much each of the 24 commercial banks operating in the young nation received. Several traders attribute failure to import goods into the country to the alleged failure by government to pay them for goods supplied in the past. (ST) -- To post to this group, send email to southsudankob@googlegroups.com To unsubscribe from this group, send email to southsudankob+unsubscr...@googlegroups.com Visit this group at https://groups.google.com/d/forum/southsudankob View this message at https://groups.google.com/d/msg/southsudankob/topic-id/message-id For more options, visit https://groups.google.com/d/optout --- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To unsubscribe from this group and stop receiving emails from it, send an email to southsudankob+unsubscr...@googlegroups.com. To post to this group, send email to SouthSudanKob@googlegroups.com. Visit this group at https://groups.google.com/group/SouthSudanKob. To view this discussion on the web visit https://groups.google.com/d/msgid/SouthSudanKob/CAJb14ooPdGr2f0_EhgE7iu3RrPash-0znr3yGrzpv82L5RPwiw%40mail.gmail.com. For more options, visit https://groups.google.com/d/optout.
