Riyadh - Saudi Arabia announced Sunday it deposited $250 million (Dh917.5 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 UAE announced three billion dollars in financial aid for Sudan.
“$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 $250 million in Sudan’s central bank.
The Gulf states pledged to inject $500 million into Sudan’s central bank and $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 key factor behind the nationwide protests that first erupted in December and led to the toppling of Bashir by the army last month.
The Sudanese currency had plunged even after the United States lifted its 20-year-old trade embargo on the country in October 2017.
Expectations that the end of US sanctions would bring an economic recovery failed to materialise, putting pressure on the pound.
The country’s economic crisis has deepened since the secession of South Sudan in 2011 that took away the bulk of oil earnings.
Newer articles:
- South Sudan vows to strengthen infrastructure cooperation with China - 21/05/2019 08:18
- South Africa May Find Partners for South Sudan Oil Block - 21/05/2019 02:13
- Committee suggests favour payment for traders with no proof of supply to S. Sudan - 21/05/2019 00:48
- Saudi Arabia to assist South Sudan's oil sector: minister - 20/05/2019 11:48
- South Sudan mulls closing some embassies to cut costs - 20/05/2019 09:27
Older news items
- Sudan: Khartoum, Juba at Odds Over Abyei Stand By UN - 18/05/2019 23:19
- South Sudan: Mutual mistrust stalls peace deal for a further six months - 18/05/2019 18:00
- South Sudan Warring Parties Sued Over Delay to Form Government - 18/05/2019 10:47
- South Sudan: Don’t let hawks have the last laugh - 17/05/2019 18:00
- UN mission offers to facilitate Machar's return to South Sudan - 17/05/2019 14:59
Latest news items (all categories):
- IBAHRI - Journalists must be protected, not silenced: global impunity and attacks on media freedom threaten democracy and the rule of law - 02/11/2026 21:19
- South Sudan Civil Society Pushes For Peace And Development - 02/11/2026 20:21
- South Sudan’s first dedicated Media and Information Literacy Centre is creating opportunities for young people to navigate the digital space responsibly - 02/11/2026 20:17
- ‘We carried books into the bush’ – conflict-affected people of Lui plead for peace - 02/11/2026 20:06
- Strengthening food systems in South Sudan - 02/11/2026 20:01
Random articles (all categories):
- UN envoy demands IGAD, EAC in the Sudan war - 19/06/2023 01:57
- South Sudan: More than 300 killed in ethnic violence - 09/08/2013 02:25
- UN Human rights council member states accuse South Sudan of violations - 22/06/2013 23:50
- South Sudan rivals vow to end war under sanctions threat - 08/11/2014 10:15
- South Sudan Official Orders Curfew Violators to be Shot Dead - 07/07/2014 20:28
Popular articles:
- Who is the darkest person in the world, according to Guinness World Record? - 25/10/2022 02:34 - Read 151483 times
- School exam results in South Sudan show decline - 01/04/2012 17:58 - Read 28493 times
- Top 10 weakest currency exchange rates in Africa in 2023 - 19/07/2023 00:24 - Read 25599 times
- No oil in troubled waters - 25/03/2014 15:02 - Read 24793 times
- NDSU student from South Sudan receives scholarship - In-Forum - 29/09/2012 01:44 - Read 22768 times
