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Saudi Arabia deposit $250 million into Sudan’s central bank

Ajel News

Saudi Arabia said on Sunday they deposited $250 million with the Sudanese central bank, according to a statement from the kingdom's ministry of finance.

Saudi Arabiaand 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 willstrengthen Sudan's "financial position, alleviate pressure on the Sudanesepound and achieve more stability in the exchange rate,' the statement said.