Google News
logo
Current Affairs - 2021
Which country has settled a USD 400 million currency swap facility with India?
A)
Nepal
B)
Sri Lanka
C)
Japan
D)
Bangladesh

Correct Answer : Option (B) - Sri Lanka


The Indian High Commission announced that Sri Lanka has settled a USD 400 million currency swap facility with India.
In July 2020, the Reserve Bank of India (RBI) and the Central Bank of Sri Lanka (CBSL) had concluded the USD 400 million currency swap agreement, under the SAARC currency swap framework. This currency swap facility is available to all SAARC member countries.

Published On : January 10, 2021
Advertisement