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Saudi Arabia deposits USD 250 mln in Central Bank of Sudan

RIYADH, May 19 (KUNA) -- At the behest of King Salman bin Abdulaziz, the Saudi Ministry of Finance deposited SAR 937.5 million (nearly USD 250 million) in the Central Bank of Sudan (CBS).
The move falls in the framework of the joint aid package for the people of Sudan announced by the Kingdom of Saudi Arabia and the United Arab Emirates on April 21, SPA reported on Sunday, citing a statement by the Ministry of Finance.
The USD three-billion aid package include USD 500 million as a deposit in the CBS with a view to cementing the financial position of the central bank, offsetting the pressures on the Sudanese pound and meeting the needs of the Sudanese people in terms of foodstuffs, medicines and petroleum products. (end) mdm.gb