According to the State Minister for Money and Capital Investments Ajith Nivard Cabral Sri Lanka has managed to secure an inflow of forex for the next 3 months totalling $2.65 billion.
According to the minister the cash flow has been organized in such a way that Sri Lanka will be able to pay every forex loan repayment and interest payment on time. The inflow of cash will be as follows,
A further $1.5 billion currency swap has been negotiated between the Central Bank and the People’s Bank of China.
The minister stated that the cash inflow will be monitored closely by expert financial managers. Furthermore the minister stated that fluctuations in the foreign reserve may occur during this time, however it was of less significance in present compared to the cash inflow that the government has managed to secure during this troubled time.
No.820, Mount Cresent,Malabe,Sri Lanka