Get all your news in one place.
100's of premium titles.
One app.
Start reading
Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Sudan to Seek $1 Billion Deposit in Central Bank

Sudan's Central Bank headquarters in Khartoum in a file photo. REUTERS/Mohamed Nureldin Abdallah

Sudan's finance minister will seek to arrange a $1 billion central bank deposit to support its currency when he visits Saudi Arabia, the finance ministry said in a statement on Tuesday.

Sudan's economy has deteriorated since a coup last October which led to the suspension of international financing, and its currency has fallen by more than a quarter. The country has suffered from a chronic shortage of hard currency.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.