Current Context: Sri Lanka signs an agreement with Reserve Bank of India for a Bilateral Currency Swap Arrangement worth $400 million.
- The agreement is signed to boost Sri Lanka’s foreign reserves as the country which is badly hit by the COVID-19 pandemic.
- The Cabinet has approved a proposal made by Prime Minister Mahinda Rajapaksa as the Finance Minister to enter into an agreement with the RBI for the financing facility to meet short-term international liquidity requirements.
Static Part:
- Headquarters of RBI– Mumbai, Maharashtra
- Governor of RBI – Shaktikanta Das
- Deputy Governors of RBI– Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra.
- Capital of Sri Lanka-Colombo, Sri Jayawardenepura Kotte
- Currency of Sri Lanka-Sri Lankan rupee
Question:
Q.1 How much financial support Srilanka to receive from Reserve Bank of India?
a. 600 million
b. 400 million
c. 500 million
d. 300 million
a. 600 million
b. 400 million
c. 500 million
d. 300 million
