Saudi Arabia deposits US$250 mln in Sudan's central bank

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Sudan plays a key role in the regional interests of Saudi Arabia and its allies, siding with Riyadh against Shiite Iran and providing troops in the Saudi-led coalition fighting in Yemen's war.

A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh.

“The ministry of finance has deposited 937.5 million Saudi riyals into the central bank of Sudan,” it said in a statement. “US$500 million has been provided by both countries … to strengthen its financial position,” the kingdom’s finance ministry said.The oil-rich Gulf states pledged to inject US$500 million into Sudan’s central bank and US$2.5 billion to help provide food, medicine and petroleum products, the official Saudi Press Agency said last month.

Both Gulf nations have voiced backing for Sudan’s military rulers, who are facing calls from protesters to cede power to a civilian transitional government.

 

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