CBSL inks deal with RBI to boost reserves

Central Bank of Sri Lanka
The Central Bank of Sri Lanka
Photo: Amithasundar/Wikimedia Commons

The Central Bank of Sri Lanka has inked a deal with the Reserve Bank of India for a swap line worth $400 million.

The deal will help to “boost investor confidence” in Sri Lanka, the CBSL said in a statement, while helping maintain sufficient reserves to cover outflows due to imports, debt repayments and currency interventions where required.

The CBSL’s official reserves were worth around $7 billion on November 30, according to the latest data published by the central bank. The figure has

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