South Sudan Axes Central Bank Head, Unable to Control Inflation

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke

Last week, South Sudanese President Salva Kiir once again dismissed the governor of its central bank, as South Sudan continues to struggle to bring down inflation rates. The official inflation rate for April 2018 was 83.9%. My most recent measurements put South Sudan’s annual inflation rate at 76.6%.