Somawathi National Jala Galum Valley News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Friday, 05 February 2021 - 13:17
The Central Bank has confirmed that it has fully settled the USD 400 million loan obtained under the Swap facility from India. 
There is no truth to the story that India has called for a settlement of the US $ 400 million currency swap after the Sri Lankan government decision reneging on the 2019 agreement with India on the development of the East Coast Terminal (ECT) of the Colombo Port.
The Central Bank of Sri Lanka (CBSL) and the Reserve Bank of India (RBI) entered into a currency swap agreement on 24th July 2020 under the Framework on Currency Swap Arrangement for South Asian Association for Regional Cooperation (SAARC) countries for 2019 - 2022. ....

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