Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, September 30
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Finance»Kiir replaces finance minister amid cash shortages
    Finance

    Kiir replaces finance minister amid cash shortages

    August 21, 20253 Mins Read


    South Sudan’s President Salva Kiir Mayardit has dismissed the country’s finance minister, who was just a year into the job, state-owned television reported.

    Kiir gave no reason for firing Dr. Marial Dongrin Ater, who was appointed in July 2024, the report said late on Thursday. He has been replaced by Athian Diing Athian, who is returning to the post.

    This is the seventh change in the finance ministry since 2020.

    Athian previously served as finance minister from September 2020 to November 2021, when he was replaced by Agak Achuil Lual. Athian was dismissed at the time for alleged insubordination, after reportedly failing to inform the president of the exact state of government finances.

    He also served as Commissioner-General of the South Sudan Revenue Authority (SSRA) from June to October 2023.

    South Sudan’s economy has been under increasing pressure in recent years, with banks now facing severe cash shortages.

    Central Bank Governor Dr. Addis Ababa Othow said in July that the institution planned to print more South Sudanese Pounds as a short-term measure to address the liquidity crisis.

    Dr. Abraham Maliet Mamer, a Juba-based economic analyst and economic advisor to the Economic Cluster of the transitional government, told Radio Tamazuj Thursday that the ministerial change comes as Kiir seeks “solutions to the country’s economic challenges.”

    He described the new finance minister as experienced and capable of drawing from his previous tenure, although the current circumstances are more difficult.

    “The time now is different from when he was minister before — things were a little bit rosy. His return to the ministry is a big challenge, so he has to work harder and move quickly,” Maliet said.

    “My advice to the new minister is to draw on his previous experience and also tap into human resources that can support him in addressing the current situation,” he added.

    However, political observer Edmund Yakani said frequent changes in the finance ministry are destabilizing the economy.

    “The regular reshuffling of finance ministers is becoming a factor of economic and financial instability,” Yakani said.

    He added that the latest shake-up may further disrupted the work of the Finance Ministry.

    “This culture of frequent changes also nurtures corruption and undermines efforts to implement public finance reforms. I hope this latest change will not delay the passing of the 2025–2026 national budget,” Yakani said.

    Separately, President Kiir also dismissed Dr. Dhieu Mathok Diing as Minister of Investment, appointing Joseph Muom Majak, a former trade minister, to the post.

    In other decrees, Kiir removed Arop Nuoi Arop as First Undersecretary of Finance in the Ministry of Finance and Planning and replaced him with Garang Majak Bol, who previously held the same position.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin and Other Crypto Assets Primed To Become a Cornerstone of Global Finance, Says Financial Services Giant Allianz
    Next Article Bitcoin Bull Market Hinges On $13.8 Billion Options Expiry

    Related Posts

    Finance

    Global Banking & Finance Review

    September 27, 2026
    Finance

    SDK.finance Announces Expanded Platform Focus to Power Native Financial Products for Retailers, Marketplaces, and Telecoms

    September 18, 2026
    Finance

    Finance’s Golden Ratio: Rethinking Unit Economics For AI-Powered CFOs

    September 15, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    London Stock Exchange Group not immune to AI threat, but UBS reckons risk is limited

    May 14, 2026
    Property

    State, 26 municipalities appeal judge’s order on statewide education property tax

    August 20, 2024
    Stock Market

    When will the stock market stop falling? Look out for these signs… – Market News

    February 12, 2025
    What's Hot

    Bitcoin steadies after $60,000 breach as Strategy Inc’s Saylor hints at buying

    June 7, 2026

    Multi Commodities Exchange to launch electricity futures on July 10

    July 4, 2025

    Mark Cuban dumped most of his Bitcoin, saying it ‘lost the plot.’ Experts say he panic-sold at the worst possible time

    June 4, 2026
    Most Popular

    Will ETF outflows push Bitcoin closer to the $60,000 support zone?

    June 18, 2026

    Stock Market LIVE Updates: Sensex, Nifty off day’s high; IT drags, metal, realty shine

    December 9, 2025

    Michael Saylor étourdit avec un tweet provocateur bitcoin: ‘Fight for bitcoin’

    June 17, 2025
    Editor's Picks

    Stock markets today: Oil prices rise as the Iran war drags on

    May 11, 2026

    Stock market holiday: Is stock market open tomorrow on Republic Day 2026? Check full list here

    January 25, 2026

    Trump at Bitcoin 2024: When and where he will speak

    July 11, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.