South Sudan Seeks $200 Million ln Credit Line For Imports
South Sudan aims to seal a $200 million credit line from an international bank within three months to cover imports and bolster the local currency, a minister said, after an oil shutdown erased the source of almost all its hard currency.
By Alexander Dziadosz
JUBA, 17 September 2012 [REUTERS]- In June, the newly-independent nation secured a similar deal for $100 million from Qatar National Bank (QNB), used to issue letters of credit for imports like food, fuel, building materials and medicine.
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