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Economist calls for price regulation in South Sudan

Economist calls for price regulation in South Sudan A South Sudanese economist, Professor Abraham Matoc, who doubles as Vice Chancellor for Dr. John Garang University has called on the government to regulate commodity prices in the market. The call comes amidst continuous increment of prices of basic commodities yet the local currency has made gains against the US Dollar in recent weeks. Speaking to Radio Tamazuj last week, Professor Matoc said, “In advanced countries or countries that move with economic principles, once the exchange rate has declined, the market will also come down even further than that because it is always adjusted. But what happens with us here is that there is no adjustment. The prices remain up and the exchange rate can come down as it has happened.”

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