CBSL inks deal with RBI to boost reserves
Swaps deal will help maintain reserves while talks with the IMF resume, central bank says
The Central Bank of Sri Lanka has inked a deal with the Reserve Bank of India for a swap line worth $400 million.
The deal will help to “boost investor confidence” in Sri Lanka, the CBSL said in a statement, while helping maintain sufficient reserves to cover outflows due to imports, debt repayments and currency interventions where required.
The CBSL’s official reserves were worth around $7 billion on November 30, according to the latest data published by the central bank. The figure has
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