Which Bank recently settled a $ 400 million currency swap facility from the Reserve Bank (RBI)?
Which Bank recently settled a $ 400 million currency swap facility from the Reserve Bank (RBI)?
A. Central Bank of India
B. Central Bank of Sri Lanka
C. New Development Bank
D. None of these
Explanation:
The Central Bank of Sri Lanka (CBSL) settled a $ 400 million currency swap facility from the Reserve Bank (RBI) of India last week, meeting the terms that the two countries had agreed upon. The update sparked speculation in local media that India may have “abruptly terminated” the agreement, following Colombo’s decision to pull out of a 2019 agreement to develop a Colombo Port terminal jointly with India and Japan.