{"id":9033,"date":"2018-03-16T23:43:57","date_gmt":"2018-03-17T05:43:57","guid":{"rendered":"http:\/\/nigerianews.ca\/?post_type=news&p=9033"},"modified":"2018-03-16T23:44:42","modified_gmt":"2018-03-17T05:44:42","slug":"uae-deposits-1-4b-to-sudan-central-bank-to-ease-forex-crisis","status":"publish","type":"news","link":"https:\/\/nigerianews.ca\/news\/uae-deposits-1-4b-to-sudan-central-bank-to-ease-forex-crisis\/","title":{"rendered":"UAE deposits $1.4B to Sudan Central Bank to ease forex crisis"},"content":{"rendered":"
As Sudan struggles to tackle an acute foreign exchange crisis, the United Arab Emirates has stepped in and offered $1.4 billion to Sudan\u2019s Central Bank.<\/div>\n
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According to Sudan\u2019s state news Agency (SUNA<\/span> ), the deposit was provided by the Abu Dhabi Fund for Development.<\/div>\n<\/div>\n<\/div>\n

The UAE<\/span> aid comes just days after SUNA<\/span> reported that the central bank had agreed to a $2 billion loan from Turkish conglomerate Ozturk to help Sudan purchase petroleum products and wheat.<\/p>\n

The report did not provide details of the deal.<\/p>\n

The Sudanese pound has weakened against the dollar in recent months on the black market amid a shortage of hard foreign currency, in turn forcing the central bank to devalue the pound twice this year.<\/p>\n

Since January, sporadic protests have erupted in Khartoum and some other parts of the country after the cost of bread soared on the back of rising flour prices.<\/p>\n

The authorities have curbed the protests, but high food prices continue to spread discontent across the country.<\/p>\n

AFP<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

As Sudan struggles to tackle an acute foreign exchange crisis, the United Arab Emirates has stepped in and offered $1.4 billion to Sudan\u2019s Central Bank. According to Sudan\u2019s state news Agency (SUNA ), the deposit was provided by the Abu Dhabi Fund for Development. The UAE aid comes just days after SUNA reported that the […]<\/p>\n","protected":false},"author":2,"featured_media":9034,"comment_status":"open","ping_status":"closed","template":"","tags":[],"news-category":[322],"yoast_head":"\nUAE deposits $1.4B to Sudan Central Bank to ease forex crisis<\/title>\n<meta name=\"description\" content=\"UAE deposits $1.4B to Sudan Central Bank to ease forex crisis\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nigerianews.ca\/news\/uae-deposits-1-4b-to-sudan-central-bank-to-ease-forex-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE deposits $1.4B to Sudan Central Bank to ease forex crisis\" \/>\n<meta property=\"og:description\" content=\"UAE deposits $1.4B to Sudan Central Bank to ease forex crisis\" \/>\n<meta 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