Sudan central bank chief dies of heart attack in Turkey

2018-06-17 12:00
(iStock)

(iStock)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Sudan's central bank governor Hazem Abdelqader has died of a heart attack while on a visit to Turkey, the Sudanese presidency said on Saturday.

It was not immediately clear whether Abdelqader was on a official visit to Turkey but the presidency said in a statement that he died of a heart attack on Saturday. It did not offer other details.

Born in 1960, Abdeqader was appointed head of Sudan's Central Bank in December 2016.

Since taking over as governor, Abdelqader participated in negotiations with the United States that helped lift decades old trade embargo imposed by Washington on Khartoum.

In recent months the central bank has faced an acute shortage of foreign currency that has seen the Sudanese pound plunge against the dollar on the black market.

The central bank has devalued the pound twice against the dollar since January.

Sudan's overall economy has been hit hard, particularly after the south separated from the north in 2011, taking with it about 75% of oil revenues.

Sudanese officials say that an economic revival that was expected after the lifting of US sanctions has not materialised as international banks continue to be wary of doing business with Sudanese banks.

Although Washington lifted the sanctions on October 12, it has kept Khartoum on its list of "state sponsors of terrorism", which Sudanese officials say keeps international banks away from the African country.

Washington imposed sanctions on Khartoum in 1997 for its alleged support to Islamist militants. Al-Qaeda founder Osama bin Laden lived in Sudan between 1992 to 1996.

* Sign up to News24's top Africa news in your inbox: SUBSCRIBE TO THE HELLO AFRICA NEWSLETTER

FOLLOW News24 Africa on Twitter and Facebook

Read more on:    sudan  |  east africa
NEXT ON NEWS24X

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.