President Kiir Takes Action to Tame Inflation in Crucial Economic Cluster Meeting

President Salva Kiir Mayardit held a pivotal meeting on Monday with leaders from various economic institutions to address the growing issue of inflation in the nation. The meeting, convened to strategize and implement measures to curb soaring inflationary pressures affecting the economy, was deemed crucial by Presidential Affairs Minister Hon. Bangasi Joseph Bakosoro.

The meeting led to several resolutions aimed at tackling the issue, including an increase in non-oil revenue collections, ensuring a steady supply of subsidized food into the markets, and providing adequate fuel and financial resources for agriculture. Additionally, the leaders agreed to auction a significant amount of hard currency to stabilize the exchange rate and banned the selling of dollars and other currencies on the streets.

Furthermore, the government has taken a strong stance against illegal checkpoints, directing security forces to implement the ban and maintain order throughout the country. President Kiir emphasized the importance of collaboration among government institutions to stabilize prices, promote economic growth, and ensure financial stability.

The Head of State stressed the need for collaborative efforts from the members of the Economic Cluster to effectively tame inflation and steer the nation’s economy towards sustainable growth. The outcome of the meeting demonstrates a united commitment from the leaders to combat inflation and create a conducive economic environment for all citizens.

The President’s proactive approach and the collective effort of the government institutions reflect a determined and coordinated response to the economic challenges facing the nation. As the government works to implement the resolutions from the meeting, hopes are high that these measures will lead to a positive impact on the country’s economy in the near future.