Saudi Arabia deposits USD 250 mn in Sudan's central bank

Saudi Arabia announced Sunday it deposited USD 250 million in Sudan's central bank as part of a support package for the country following the overthrow of longtime leader Omar al-Bashir.

"The ministry of finance has deposited 937.5 million Saudi riyals into the central bank of Sudan," it said in a statement.

In April, Saudi Arabia and the United Arab Emirates announced three billion dollars (2.7 billion euros) in financial aid for Sudan.

"USD 500 million has been provided by both countries... to strengthen its financial position," the kingdom's finance ministry said.

The UAE said on April 28 it was depositing USD 250 million in Sudan's central bank.

The oil-rich Gulf states pledged to inject USD 500 million into Sudan's central bank and USD 2.5 billion to help provide food, medicine and petroleum products, the official Saudi Press Agency (SPA) said last month.

It said the move was aimed shoring up the Sudanese pound.

In recent years Sudan has been hit by an acute lack of dollars, a ...