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Sri Lanka expects $250 million to its dwindling FX Reserves from Bangladesh in Crucial July

The Central Bank of Sri Lanka is expecting a $250 million boost from its dwindling foreign exchnage reservers from the Bangladesh Bank in July. “Inflows expected to the Central Bank…

Bangladesh Offers $500M Lifeline to Sri Lanka ahead of $1B Dollar Bond Maturity

In a first for Bangladesh, the country has extended a lifeline of sorts to the beleaguered Sri Lankan economy, offering to top up the island nation’s depleting foreign reserves by…

Sri Lanka to Secure $200m currency swap facility from Bangladesh to maintain FX Reserve

The Bangladesh Bank board on Sunday approved in principle a draft $200-million currency swap deal with Sri Lanka, which is struggling to maintain a moderate foreign exchange reserve. The currency…