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FINANCIAL NEWS
Sudan receives USD1b deposite from Saudi
15 Aug 2015
(MENAFN) Saudi Arabia has deposited USD1 billion in the central bank of sanctions-hit Sudan over the past two months, the state minister for finance said.
Khartoum has said Saudi Arabia planned to invest in its agricultural sector. South Sudan split from Sudan in 2011, taking with it the majority of the formerly united country’s oil production.
“We received a deposit for the amount of USD1 billion from Saudi Arabia in two installments, USD500 million this month and USD500 million last month,” the minister said.
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