The currency swap agreement between the two Central Banks of Sri Lanka and India signed on March 25 became effective with US$400 million released to Sri Lanka’s Central Bank (CB) by India’s Reserve Bank of India on April 30, the CB said on Wednesday. This follows the recent visit by Indian Prime Minister Narendra Modi where he announced that announced that the Reserve Bank of India would extend a currency swap facility amounting to $1.5 billion to the CB. The balance amount is expected to be made available in due course.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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