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Sri Lanka requests India for currency swap arrangement of up to $1.1 billion

Gotabaya Rajapaksa India Sri Lanka covid-19 president pandemic economy

23.05.2020 - 20:12

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This new request of $1.1 billion is separate from another for $ 400 million being negotiated between the two countries under the South Asian Association for Regional Cooperation (SAARC) framework Sri Lanka has requested India for a currency swap arrangement to the tune of $1.1 billion to ease pressures related to foreign currency reserves — seen as a fallout of the covid-19 pandemic devastating the tourism industry in the island nation.

This new request of $1.1 billion is separate from another for $ 400 million being negotiated between the two countries under the South Asian Association for Regional Cooperation (SAARC) framework.

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Sri Lanka requests India for currency swap arrangement of up to $1.1 billion

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