{"id":75714,"date":"2022-01-13T00:59:44","date_gmt":"2022-01-13T04:59:44","guid":{"rendered":"http:\/\/dbsjeyaraj.com\/dbsj\/?p=75714"},"modified":"2022-01-13T17:00:23","modified_gmt":"2022-01-13T21:00:23","slug":"india-extends-to-sri-lanka-forex-support-of-more-than-us-900-million-with-payment-of-us-500-million-given-under-the-asian-clearing-union-settlement-framework-being-deferred-and-a-us-400-million-c","status":"publish","type":"post","link":"https:\/\/dbsjeyaraj.com\/dbsj\/?p=75714","title":{"rendered":"India extends  to Sri Lanka forex support of more than US$ 900 million with payment of US$ 500 million given under the Asian Clearing Union Settlement Framework being deferred  and a US$ 400 million currency swap between the two countries."},"content":{"rendered":"<p><strong><br \/>\nIn response to Sri Lanka\u2019s immediate requirement of foreign exchange, India on Thursday allowed the Central Bank of Sri Lanka (CBSL) to defer the payment of about US$ 500 million given under the Asian Clearing Union Settlement Framework.<\/strong><\/p>\n<p>This was conveyed to the Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal by the Indian High Commissioner Gopal Baglay here on Thursday.<\/p>\n<p><!--more--><\/p>\n<p>In addition to this, there is a US$ 400 million currency swap between the two countries. In total, India has extended to Sri Lanka forex support of more than US$ 900 million.<\/p>\n<p>These are among the four pillars of bilateral economic cooperation identified during Sri Lankan Finance Minister Basil Rajapaksa\u2019s visit to New Delhi in December 2021.<\/p>\n<p>Indian sources said that this is a manifestation of India\u2019s continued support to Sri Lanka. On January 6, Indian External Affairs Minister Dr. S Jaishankar had tweeted that India will support Sri Lanka \u201cduring these difficult times\u201d after a phone conversation with his Sri Lankan counterpart, Prof. G.L Peiris.<\/p>\n<p>Sri Lanka has been extended a US$ 1.9 billion aid package by India, that includes facilities to acquire petroleum, medicines and food from India. Work on the other pillars of support announced after Basil Rajapaksa\u2019s visit is in progress.<\/p>\n<p><em>Courtesy:NewsIn.Asia<\/em><\/p>\n<div id=\"tweetbutton75714\" class=\"tw_button\" style=\"float:right;margin-left:10px;\"><a href=\"http:\/\/twitter.com\/share?url=https%3A%2F%2Fdbsjeyaraj.com%2Fdbsj%2F%3Fp%3D75714&amp;text=India%20extends%20%20to%20Sri%20Lanka%20forex%20support%20of%20more%20than%20US%24%20900%20million%20with%20payment%20of%20US%24%20500%20million%20given...%20&amp;related=&amp;lang=en&amp;count=horizontal\" class=\"twitter-share-button\"  style=\"width:55px;height:22px;background:transparent url('https:\/\/dbsjeyaraj.com\/dbsj\/wp-content\/plugins\/wp-tweet-button\/tweetn.png') no-repeat  0 0;text-align:left;text-indent:-9999px;display:block;\">Tweet<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>In response to Sri Lanka\u2019s immediate requirement of foreign exchange, India on Thursday allowed the Central Bank of Sri Lanka (CBSL) to defer the payment of about US$ 500 million given under the Asian Clearing Union Settlement Framework. This was conveyed to the Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal by &#8230;<\/p>\n<p><a href=\"https:\/\/dbsjeyaraj.com\/dbsj\/?p=75714\" class=\"more-link\">Continue reading &lsquo;India extends  to Sri Lanka forex support of more than US$ 900 million with payment of US$ 500 million given under the Asian Clearing Union Settlement Framework being deferred  and a US$ 400 million currency swap between the two countries.&rsquo; &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/75714"}],"collection":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75714"}],"version-history":[{"count":1,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/75714\/revisions"}],"predecessor-version":[{"id":75717,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/75714\/revisions\/75717"}],"wp:attachment":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}