Saudi Arabia deposits $1bn in Sudan bank

Saudi Arabia  deposits $1bn in Sudan bank
Updated 13 August 2015

Saudi Arabia deposits $1bn in Sudan bank

Saudi Arabia  deposits $1bn in Sudan bank

KHARTOUM: Saudi Arabia has deposited $1 billion in the central bank of sanctions-hit Sudan over the past two months, the state minister for finance said.
“We received a deposit for the amount of $1 billion from Saudi Arabia in two installments, $500 million this month and $500 million last month,” Abdul Rahman Dirar 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.
which accounted for billions of dollars in export earnings and hitting Khartoum’s finances badly.
The country has also been under a US trade embargo since 1997.