Which country recently approved a $200 million currency swap facility to Sri Lanka?
Which country recently approved a $200 million currency swap facility to Sri Lanka?
A. China
B. India
C. Japan
D. Bangladesh
Explanation:
Bangladesh Bank, Bangladesh’s central bank, has in principle approved a $200 million currency swap agreement with Sri Lanka, which will help Colombo tide over its foreign exchange crisis.Sri Lanka, staring at an external debt repayment schedule of $4.05 million this year, is in urgent need of foreign exchange. Its own foreign exchange reserves in March year stood at $4 million.
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