THE STORIES BEHIND THE HEADLINES

Abu Dhabi

London

New York

Tuesday 20th March 2018

Saudi Arabia Says Deposits $250 Million into Sudan’s Central Bank –Statement

Business

7Dnews London

Sun, 19 May 2019 13:17 GMT

Saudi Arabia said on Sunday May 19th it deposited $250 million with the Sudanese central bank, according to a statement from the kingdom's ministry of finance. 

Saudi Arabia and the United Arab Emirates pledged to send $3 billion worth of aid to Sudan, after mass protests led to the ouster of president Omar al-Bashir last month, Reuters reported.

The move will strengthen Sudan's "financial position, alleviate pressure on the Sudanese pound and achieve more stability in the exchange rate,' the statement said.


Middle East