India extends duration of US$ 400 million currency swap with Sri Lanka

22 Apr, 2022

India has extended the duration of a US$ 400 million currency swap with Sri Lanka.

The Indian High Commission in Sri Lanka said that the Reserve Bank of India has extended the duration of the US$ 400 million currency swap for the Central Bank of Sri Lanka which was concluded in January this year.

The High Commission said that India’s unstinted and multi-faceted support to Sri Lanka continued.

In January this year then Finance Minister Basil Rajapaksa and Indian External Affairs Minister (EAM) Dr. S. Jaishankar held a virtual meeting and discussed further financial assistance for Sri Lanka.

Both Ministers had positively noted the extension of the US$ 400 million to Sri Lanka under the SAARC currency swap arrangement and deferral of A.C.U. settlement of USD 515.2 million by two months, which would assist Sri Lanka. (Colombo Gazette)

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