Sudan central bank receives $1.4 bln deposit from UAE -SUNA

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KHARTOUM (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.

Reporting by Khalid Abdelaziz; Writing by Eric Knecht; Editing by Gareth Jones

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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