Sri Lanka, Oct. 23 -- Sri Lanka had outstanding currency swap obligations amounting to $4.1 billion at the end of May 2026, comprising $1.8 billion in international swaps and $2.3 billion in domestic swaps, Finance and Planning Deputy Minister Dr. Anil Jayantha Fernando told Parliament yesterday.

Currency swaps are agreements under which two parties exchange currencies and reverse the transaction at a later date.

"Only about $83 million of domestic swaps mature beyond one year, while the remainder falls due within 12 months. Domestic swaps peaked at $2.7 billion in August 2016," Dr. Fernando said.

He also disclosed that the International Monetary Fund (IMF) expects Sri Lanka to raise $3 billion through International Sovereign Bond issu...