The Central bank is currently negotiating a 400 million currency swap arrangement from India.
Central Bank Governor, Ajith Nirwad Cabral told the times online that there is a positive development in the negotiation for the currency swap for the next six months. The move was taken to increase decreasing foreign reserves in the country.
He said that if the swap is successful the currency would be used for state activities.
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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