ECONOMY

Sudan central bank receives $1.4 bln deposit from UAE

Sudan's central bank has received a deposit of $1.4 billion from the United Arab Emirates. (File photo: Reuters)

Sudan's central bank has received a deposit of $1.4 billion from the United Arab Emirates to help bolster its foreign exchange reserves, state news agency SUNA reported on Tuesday.

The deposit was provided by the Abu Dhabi Fund for Development, SUNA added.

Sudan has suffered an acute currency shortage in recent months, hurting imports and largely limiting dollar trading to an increasingly expensive black market for hard currency.

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Last Update: Tuesday, 13 March 2018 KSA 20:06 - GMT 17:06
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