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Approval for Proposal for Extension of the value date of the Existing Currency Swap facility of USD 1.1 billion availed by Central Bank of Sri Lanka (CBSL) and provision of a new special currency swap to Sri Lanka for USD 700 million

News and Press Release - Dated:- 10-3-2016 - The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its ex-post facto approval to the proposal for extension of the value date to 8th March 2016 of the Existing Currency Swap facility of USD 1.1 billion availed by Central Bank of Sri Lanka (CBSL) from Reserve Bank of India (which was due to be repaid on 3rd March 2016). Approval of this proposal will provide a temporary relief to Sri Lanka till alternative arrangeme .....

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