Bangladesh has released a further $ 100 million more out of the $ 200 million to Sri Lanka under the swap arrangement, increasing the total to $ 150 million.
Funds from Bangladesh have been provided under the currency swap agreement signed by the Bangladesh Bank (BB) and the Central Bank of Sri Lanka (CBSL) on 3 August.
“$150m SWAP investment by Bangladesh Bank & sharp improvement in External Trade account will improve external Forex liquidity further.Exporters & Importers who expected LKR to depreciate are advised once again to convert Forex receipts early & phase out imports” State Minister Ajith Nivard Cabral said. (NewsWire)