Saudi Arabia says deposits $250 million into Sudan's central bank -statement
Newsroom Updated 1 min read
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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