Grace period of 03 months to settle US$200 million debt from Bangladesh

Date:

The Central Bank of Bangladesh has agreed to grant a grace period of three months to settle the US$ 200 million debt obtained under the Exchange Scheme.

The grace period has been granted as per a request made by the Central Bank of Sri Lanka (CBSL), Bangladeshi media revealed.

The debt, received in three instalments, was obtained to alleviate the exchange crisis suffered by the CBSL.

An interest of 02 per cent will have to be paid in settling the debt to Bangladesh.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

US Tariff Cut Not Enough: Sri Lanka’s Seafood Exports Struggle to Stay Afloat

US Tariff Cut Not Enough: Sri Lanka’s Seafood Exports Struggle to Stay Afloat

Apparel Industry Warns of Cost Hike amid Renewed Threat of Hidden Port Charges

Apparel Industry Warns of Cost Hike amid Renewed Threat of Hidden Port Charges

Sri Lanka Rises in Global Investor Rankings as FDI Momentum Builds in 2025

Sri Lanka Rises in Global Investor Rankings as FDI Momentum Builds in 2025

SLPA Sets Up New Company for Colombo Port’s East Terminal amid Delays and Irregularities

SLPA Sets Up New Company for Colombo Port’s East Terminal amid Delays and Irregularities