currency swap

Cash-strapped Pakistan seeks additional 10 billion yuan loan from China: Report

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Cash-strapped Pakistan seeks additional 10 billion yuan loan from China: Report

Pakistan has requested an additional 10 billion yuan (USD 1.4 billion) loan from China as the cash-strapped country has already used the existing 30 billion yuan (USD 4.3 billion) Chinese trade facility, a media report said on Sunday. Finance Minister Muhammad Aurangzeb, who met with China’s Vice Minister of Finance Liao Min on the sidelines … Read more

RBI signs documents to extend $400mn currency swap facility to Sri Lanka: Indian mission

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RBI signs documents to extend 0mn currency swap facility to Sri Lanka: Indian mission

Colombo: The Reserve Bank of India has signed necessary documents for extending a USD 400 million currency swap facility to Sri Lanka to boost the island nation’s draining foreign exchange reserves due to the coronavirus pandemic, the Indian High Commission here said on Saturday. The currency swap arrangement will remain available till November 2022, the … Read more