Shutterstock/Claudiovdri

Economy

Saudi Arabia deposits $250 million into Sudan's central bank

  • share this article

Saudi Arabia and the UAE pledged to send $3 billion worth of aid to Sudan after mass protests led to the ouster of former president Omar al-Bashir last month.

Monday 20, May 2019 BY KUDAKWASHE MUZORIWA

The Saudi ministry of finance said that the Kingdom has deposited $250 million into the Central Bank of Sudan’s account.

The Finance Ministry stated that the deposit will strengthen Sudan's financial position, alleviate pressure on the Sudanese pound and achieve more stability in the exchange rate.

Saudi Arabia said that the remaining amount will be allocated to meet the urgent needs of the Sudanese people such as food, medications and oil derivatives.

 

TAGS : Central Bank of Sudan, Sudanese pound, former president Omar al-Bashir

print this article