RIYADH, May 19 (Xinhua) -- Saudi Arabia announced on Sunday that it has deposited 250 million U.S. dollars in the Central Bank of Sudan, Saudi Press Agency reported.
The deposit is part of a joint Saudi-United Arab Emirates 3-billion-dollar aid package to Sudan announced last month.
It was agreed that 500 million dollars would be provided by the two countries as a deposit in the Central Bank of Sudan to strengthen its financial position, alleviate pressure on the Sudanese pound and help stabilize the exchange rate.
The remaining amount will be allocated to meet the urgent needs of the Sudanese people, including food, medicines and oil derivatives.
Saudi Minister of Finance Mohammed Abdullah Al-Jadaan also confirmed that the deposit was part of Saudi Arabia's support to the Sudanese people.
