RBI signs Currency Swap Facility with Sri Lanka

Published on July 27, 2020
Current Context: The Reserve Bank of India has signed an agreement of USD 400 million currency swap facility with Sri Lanka.
RBI signs Currency Swap Facility with Sri Lanka
  • The currency swap facility agreement will be valid until November 2022.
  • The agreement is signed to help Sri Lanka to meet with its short-term international liquidity requirements.
  • The foreign exchange reserves will also be boosted for Sri Lanka which declined due to the COVID-19 in the country.
  • The currency swap agreement was signed under the South Asian Association for Regional Cooperation (SAARC).
  • Static Part: 
    • HQ of RBI: Mumbai
    • Governor of RBI: Shaktikanta Das 
    • Capital of Sri Lanka: Sri Jayewardenepura Kotte
    • Currency of Sri Lanka: Sri Lankan Rupee

Question: 

Q.1 RBI signed a currency swap agreement with which country?
a. Sri Lanka
b. Myanmar
c. Nepal
d. Bhutan

Q.2 The Reserve Bank of India has signed an agreement of USD ___million currency swap facility with Sri Lanka?
a. USD 500 million 
b. USD 300 million
c. USD 450 million
d. USD 400 million

About me

ramandeep singh

My name is Ramandeep Singh. I authored the Quantitative Aptitude Made Easy book. I have been providing online courses and free study material for RBI Grade B, NABARD Grade A, SEBI Grade A and Specialist Officer exams since 2013.

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