South Sudanese pound continues to fall against greenback
South Sudan’s president has fired the country’s chief banker as the new nation’s currency continues to slide against the U.S. dollar. Elijah Malok lost his job about a month after launching the South Sudanese pound. He will be replaced by his deputy, Kornelio Koryom Mayiik. South Sudan declared independence on July 9. The country faces a host of security and development challenges as it battles for stability. The president, Salva Kir, has yet to name a cabinet.