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Currency Swap Agreement
July 27 , 2020
1456 days
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- RBI has recently agreed to a $400 million currency swap facility for Sri Lanka till November 2022.
- It was extended under the SAARC Currency Swap Framework.
- The current SAARC currency swap agreement was signed in December 2019.
- The agreement is to run till 2022.
- A currency swap between the two countries is an agreement or contract to exchange currencies with predetermined terms and conditions.
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