BREAKING NEWS

Sudan says receives 'large amount' of hard currency

By REUTERS

MAY 19, 2012 18:26

KHARTOUM - Sudan's central bank has received "a large amount" of hard currency from abroad and plans to use it to stabilize the pound following the local currency's effective devaluation, the deputy central bank governor said in remarks published on Saturday.

Deputy governor Badr el-Din Mahmoud told al-Sudani newspaper the central bank had received the foreign currency from "friendly" countries. "It arrived in the treasury of the central bank in the past few days," he said, without elaborating.

"We will meet the country's currency demands until the end of this and next year," he said, adding that all requests to fund imports would be met.

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