Uncategories RBI provides USD 400 million to Sri Lanka's central bank under swap deal

RBI provides USD 400 million to Sri Lanka's central bank under swap deal

January 12, 2019


Reserve Bank of India (RBI) has agreed to provide $400 million to the Central Bank of Sri Lanka (CBSL) under the SAARC swap facility, to boost the island nation’s reserves. CBSL has requested a further bilateral swap arrangement of $1 billion from RBI which is "under consideration". ♦ SAARC Full form - South Asian Association for Regional Cooperation. ​​​​​​​♦ Sri Lanka Central Bank governor - Indrajit Coomaraswamy ♦ Sri Lanka Finance Minister - Mangala Samaraweera
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