Reply To:
Name - Reply Comment
Last Updated : 2024-04-26 15:05:00
India has confirmed its support to Sri Lanka by way of a currency swap under the SAARC arrangement and a deferment of a previous loan.
In an update on Twitter, the Indian High Commission in Colombo shared that the RBI has provided Sri Lanka the opportunity to defer an Asian Clearing Union settlement of over US $ 500 million, and a currency swap of US $ 400 million.
Central Bank Governor Ajith Nivard Cabraal tweeted that he had an excellent discussion with Indian High Commissioner in Colombo, Gopal Baglay, this morning in the former’s office.
The RBI and the CBSL has entered into a currency swap agreement under the SAARC Currency Swap Framework 2019-2022.
Under the agreement that is valid until 13 November 13, 2022, CBSL can draw US Dollar, Euro or Indian Rupee in multiple tranches up to a maximum of US$ 400 million or its equivalent.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul