Currency Swap With The Central Bank Of India 
Posted 11,June

By Chaveendra Dunuwille

In Local News

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In an attempt to replenish its foreign reserves the Central Bank of Sri Lanka has  called for a $400 million swap with the Central Bank of India in August 2021 in  an attempt to boost recovery. The swap is the second undertaken by the  government to secure it’s the nation’s foreign reserves with the previous swap  being carried out with Bangladesh. This swap made Bangladesh a lender for the  very first time.  

As of April 2021 Sri Lanka’s foreign reserves stand at $4.4 billion and Sri Lanka  has an upcoming US Sovereign bond payment worth $1 billion.