President Salva Kiir has removed Yeni Samuel Costa from his position as governor of the Bank of South Sudan and reinstated Johnny Ohisa Damian to lead the institution, marking Ohisa’s third term in the role since 2022.

The leadership change was made public through a presidential decree broadcast on state television on Friday evening.

The announcement provided no explanation for the decision.

Costa, who took office on November 12, 2025, held the post for just over two months—the briefest tenure of any central bank governor in South Sudan since independence in 2011.

His short stint unfolded against a backdrop of intensifying economic difficulties, including rapid depreciation of the local currency and sustained high inflation.

Ohisa, originally from Eastern Equatoria State, had been removed from the governorship roughly seven months earlier. He originally assumed the position in 2022.

A seasoned economist and banking professional, Ohisa brings deep expertise in public financial oversight.

Prior to his first appointment as central bank governor, he occupied senior roles at the Ministry of Finance and Economic Planning, where he focused on fiscal strategy, revenue collection, and relations with global financial bodies.

The Bank of South Sudan is tasked with setting monetary policy, regulating the banking industry, and maintaining overall financial stability in the world’s youngest country.