RBI and Central Bank of Sri Lanka form Currency Swap Agreement

Q.  On 17th July’15 with which country’s central bank, the Reserve Bank of India signed a Special Currency Swap Agreement?
- Published on 24 Jul 15

a. Brazil
b. Nepal
c. Bangladesh
d. Sri Lanka

ANSWER: Sri Lanka
Under the arrangement, the Central Bank of Sri Lanka can draw up to 1.1 billion US dollar for a maximum period of six months. This special arrangement is in addition to the existing Framework on Currency Swap Arrangement for the SAARC Member Countries.

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