Home | News    Thursday 15 March 2018

Australia wants to deposit $7 billion in Sudan central bank: minister


An employee of a money changer holds a stack of U.S. Dollar notes before giving it to a customer in Jakarta, October 8, 2015. (Reuters Photo)
March 14, 2018 (KHARTOUM) - A Sudanese minister Wednesday said Australia has offered to deposit seven billion dollars in the Sudan central bank and to dedicate four others in the mining industry.

Minerals Minister Hashim Ali Salim told reporters following a meeting with President Omer al-Bashir that they received an offer of 11 billion from Australia which has shown its interest to invest in gold industry in Sudan, the second gold producer in Africa.

He said the offer provides to support the dollar-hungry Bank of Sudan with seven billion to relieve the acute shortage of hard currency in the east African country.

He added that other four billion will be invested in the mining industry.

During a visit to Khartoum in November 2017, the Australian non-resident Ambassador to Sudan and Egypt Neil Hawkins discussed with Minister Salim investment in gold industry after the lift of U.S. sanctions on Sudan.

He disclosed that five of the largest Australian mining firms want to work in Sudan.

On Tuesday, the official news agency SUNA said that the central bank received a deposit of some 1.4 billion U.S. dollars from the United Arab Emirates (UAE).

However, it appeared that SUNA confused a statement by the UAE government retrieving the hard currency that it deposited in the Bank of Sudan during the past year 2017.


Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article

The following ads are provided by Google. SudanTribune has no authority on it.

Sudan Tribune

Promote your Page too

Latest Comments & Analysis

Buying peace with oil? Why not? 2018-07-19 14:21:08 By Peter Kuot Ngong First of all, in my opinion about the proposed governance structure that is being discussed while being publicly criticised by South Sudanese, I would like to say that, (...)

South Sudan parties should agree on power sharing 2018-07-17 12:45:03 By Roger Alfred Yoron Modi A Revised Entebbe Proposal released yesterday in Khartoum as part of the Igad-led High Level Revitalization Forum HLRF of the 2015 Agreement on the Resolution of the (...)

On Sudan’s al-Bashir trip to Russia for FIFA World Cup final 2018-07-16 20:26:24 By Mahmoud A. Suleiman The attendance of the genocidal criminal, the fugitive from the International Justice Marshall Omer Hassan Ahmed al-Bashir to watch the Football Finale in Russia is Slap (...)


Latest Press Releases

The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)

Abyei celebrates Mine Awareness Day 2018-04-05 08:52:03 4 April 2018 | Abyei - The United Nations Interim Security Force for Abyei (UNISFA) and the United Nations Mine Action Service (UNMAS) commemorated the International Day for Mine Awareness and (...)


Copyright © 2003-2018 SudanTribune - All rights reserved.