Indunil Hewage
Sri Lanka received the remaining proceeds of US dollars 1.1 billion under the currency swap arrangement with the Reserve Bank of India (RBI), Central Bank of Sri Lanka Deputy Governor Dr. P. Nandalal Weerasinghe told Daily News business. He said that the currency swap agreement signed between RBI and Central Bank of Sri Lanka will boost official reserves.
In April, 2015, Sri Lanka obtained US dollars 400 million under this arrangement to boost official reserves.
Gross official reserves, which stood at US dollars 7.5 billion at end June 2015 are estimated to have decreased to US dollars 6.8 billion end July 2015.
Central Bank in its monthly monetary policy announcement, earlier this week said that the official reserves are however expected to increase during the remainder of the year.
This is with higher inflows arising from improved business outlook and investor confidence along with the realisation of the remaining proceeds of the currency swap arrangement with the Reserve Bank of India (RBI) amounting of US dollars 1.1 billion and long term financial flows to the government , including the planned term loan of US dollars 500 million will boost official reserves.
www.dailynews.lk
Sri Lanka received the remaining proceeds of US dollars 1.1 billion under the currency swap arrangement with the Reserve Bank of India (RBI), Central Bank of Sri Lanka Deputy Governor Dr. P. Nandalal Weerasinghe told Daily News business. He said that the currency swap agreement signed between RBI and Central Bank of Sri Lanka will boost official reserves.
In April, 2015, Sri Lanka obtained US dollars 400 million under this arrangement to boost official reserves.
Gross official reserves, which stood at US dollars 7.5 billion at end June 2015 are estimated to have decreased to US dollars 6.8 billion end July 2015.
Central Bank in its monthly monetary policy announcement, earlier this week said that the official reserves are however expected to increase during the remainder of the year.
This is with higher inflows arising from improved business outlook and investor confidence along with the realisation of the remaining proceeds of the currency swap arrangement with the Reserve Bank of India (RBI) amounting of US dollars 1.1 billion and long term financial flows to the government , including the planned term loan of US dollars 500 million will boost official reserves.
www.dailynews.lk
No comments:
Post a Comment