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US$1.1 Bn from RBI to SLCB

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4 September 2015 02:22 pm - 3     - {{hitsCtrl.values.hits}}

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Sri Lanka Central Bank received 1.1 billion dollars from the Reserve Bank of India, under the currency swap agreement between the two reserve banks, The Hindu reported today.

Consequent to the signing of a special currency swap agreement for USD 1.1 billion by the Central Bank of Sri Lanka (CBSL) with the Reserve Bank of India on 17 July 2015, the CBSL has received USD 1.1 billion, a statement said.

This is in addition to the USD 400 million received in April 2015, the bank added.

With the enhanced level of official reserves, the CBSL expects that the exchange rate would stabilise in line with sound macro economic fundamentals and movements of other currencies of major trading partners.

  Comments - 3

  • de silva Friday, 04 September 2015 08:23 PM

    Gradually the confidence is building.No more to depend on China

    Ranjith T Saturday, 05 September 2015 06:12 AM

    yes. After sometime we loose our identity and end up a estate of india. India is not a friend. It will back stab us when it suits them. There are only two good Indians. The unborn and the dead. via DM Android App

    lion Saturday, 05 September 2015 08:19 PM

    What a idiot.


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