Home | News    Monday 20 May 2019

Saudi Arabia deposits $250m into Sudan central bank

separation
increase
decrease
separation
separation

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)
May 19, 2019 (KHARTOUM) — Saudi Arabia said on Sunday it deposited $250 million into the account of Sudan central bank.

The $250 million deposit is part of a three billion dollars assistance package that Saudi Arabia and United Arab Emirates (UAE) announced last April in support for the Sudanese economy after the regime of President al-Bashir.

"The (Saudi) Ministry of Finance has deposited SAR 937,500,000 (nine hundred thirty-seven million and five hundred thousand riyals, equalling two hundred fifty million USD dollars) into the Central Bank of Sudan’s account," said the official Saudi Press Agency.

Mohamed Abdullah Al-Jadaan, Saudi Finance Minister said this deposit will strengthen the financial and economic situation in Sudan, especially the exchange rate of the Sudanese pound, which should reflect positively on the living conditions of the Sudanese citizens.

On 28 April, the UAE and Sudan signed an agreement to inject $250 million in Sudan’s central bank as part of the joint $3 billion grant.

On 21 April, Saudi Arabia and UAE announced a joint $3 billion aid to Sudan.

The two Gulf countries said they would deposit $500 million in Sudan’s central bank to ease pressure on the Sudanese pound. The remainder will go toward food, medicine and fuel.

(ST)

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


Victims of Sexual Violence in Sudan Deserve Justice 2019-06-19 07:16:08 by Tchérina Jérolon, and Daisy Schmitt Today, as we commemorate the International Day for the Elimination of Sexual Violence in Conflict, we demand accountability for sexual crimes committed in (...)

Ezekiel Lol reignites political begging as a Freedom of Expression 2019-06-14 22:49:39 Gatdiet Peter Here, the question is: to what extent does a politician become a “political beggar”? A politician becomes a beggar and (re)focuses on the “politics of begging” as soon as (s)he has (...)

Crisis in Sudan: Will Sudanese mediators unlock the impasse? 2019-06-08 11:47:09 by Luka Biong Deng Kuol* The Optimism for the New Dawn in Sudan Since the eruption of the Sudanese popular uprising on 19th December 2018, the protesters have made history not only in (...)


MORE






Latest Press Releases


Sudanese lawyers and Human rights defenders back calls for civil rule 2019-04-26 10:22:06 Press statement by 55 Sudanese lawyers and Human rights defenders on Sudan Sit-in and Peaceful Protest Khartoum -24/04/2019 We, the undersigned (55) Sudanese lawyers and human rights defenders, (...)

South Sudan’s Lafon youth condemn killings of civilians by Pari community 2019-04-03 21:54:29 Press Statement on the Fighting between Pari/ Pacidi and Lotuko/Lokiri on 24/3/2019 Release by The Lafon County Youth Union: We, the Lafon County Youth Union hereby condemn the atrocities and (...)

Joseph Malwal Dong joined the SPLM/A -IO 2019-04-02 08:35:02 SPLM/A (IO) Press Release 1/4/2019 On Hon. Joseph Malwal Dong Joined the SPLM/A (IO) The leadership of the SPLM/A (IO) would like to seize this precious opportunity to announce to members and (...)


MORE

Copyright © 2003-2019 SudanTribune - All rights reserved.