Saudi Arabia deposits $250 mln into Sudan central bank

Saudi Arabia announced on Sunday that it deposited $250 million 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 step will strengthen Sudan’s “financial position, relieve pressure on the Sudanese pound and achieve more stability in the exchange rate,’ the statement said.

Source: Reuters