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December 15, 2019 - 01:16
Cyprian Is Nyakundi
World News

Saudi Arabia says deposits $250 million into Sudan’s central bank -statement

Central Bank of Sudan Buiding

May 19 (Reuters) – Saudi Arabia said on Sunday it deposited $250 million (Kshs. 25 billion) 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.

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.



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