governor Dr Othom Rago Ajak just after a year in office.
It is not clear why the two senior bank officials were removed from their positions.
The dismissals come amidst continuing ballooning inflation rates and fluctuating market prices and just months after the president revealed that the country is broke.
Dr Othom was appointed to the government’s main monetary reserve in January 2017 after the former bank governor Kornelio Koryom was relieved.
During his appointment, he had promised to improve the economic situation of the country.