India provides US$ 400 Mn currency swap

India provides US$ 400 million currency swap facility to Sri Lanka

by Zulfick Farzan 24-07-2020 | 9:55 PM

Colombo (News 1st); The Indian High Commission in Sri Lanka announced the 

Reserve Bank of India had signed a document for US$ 400 million currency swap facility to Sri Lanka which will be in effect until

 November 2022.

A tweet from the Indian High Commission said the signing took place 

after debt repayment rescheduling discussions on Thursday (23) adding this development is another example of India’s strong commitment to work with Sri Lanka

 in post COVID-19 

economic recovery.

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