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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Saudi Arabia Deposits $250 Million into Central Bank of Sudan

Sudanese queue for bread because of shortages caused by the struggling economy. (AFP)

Saudi Arabia has deposited $250 million into the central bank of Sudan to support its financial position, the Saudi finance ministry said in a statement on Tuesday.

The grant is part of a package with the United Arab Emirates worth $500 million that was announced in April.

The grant aimed to alleviate pressure on the Sudanese pound and achieve stability in its exchange rate, the ministry said.

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