Yei Governor cracks down on black market trading

The Governor of Yei River State David Lokonga Moses has issued an order banning the exchange of foreign currencies in Yei town.

The Governor of Yei River State David Lokonga Moses has issued an order banning the exchange of foreign currencies in Yei town.

The minister of information Stephen Ladu says the order was issued following the killing of a trader by unknown gunmen.

“On the 13th of this month, one person was killed in this business and we as a government cannot continue to watch such illegal practices when it is causing insecurity and loss of lives to our people” Ladu said.

He said that security personnel have been deployed to enforce the law, and those taking part in the practice will be punished. In recent weeks, the value of the pound has plummeted against the dollar.

“The traders move with guns and they are dealing in the business while armed and that is causing insecurity to those who want to exchange money. Some are threatening to rob traders and threatening to shoot,” Mr. Ladu explained to the press. 

One businessman disagreed with the governor’s order, saying it will affect their family survival due to the economic challenges.

“What we need from the government is protection, not orders during these harsh times,” he said.

The individual suggested creating a foreign exchange bureau that could provide protection, rather than selling money on the open market.

Separately, the governor formed a five-member committee to investigate damages inflicted in Lainya County following an attack by armed group on July 13th.

The committee is being headed by his security advisor Muki Batali Buli to assess the damages caused in the government institutions.

“Lainya came under attack by unknown gun men on the early morning of July 13th. The county headquarters was destroyed as well as the hospital, so the committee will come with a final report on the issue,”