January 19, 2022

Ada Rata

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


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



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