Former CB governor tweets about a US$400 million cross-currency swap.

Thanks-IFC's Alvarez for explaining that “USD 400mn cross-currency SWAP” for SL banks is only to trade cash flows in one currency with that of another, thereby confirming there's no new Forex inflow due to the SWAP as believed by some. #SriLankaEconomy #WorldBank

— Ajith Nivard Cabraal (@an_cabraal) March 16, 2023