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LIBOR Phase-out, RFR Adoption: A Path Forward for Sri Lanka-by Lalinda Sugathadasa Lankan currency notes Source:Dailynews There is indeed little doubt that central banks and major firms around the world have heaved a sigh of relief in light of the announcement from LIBOR’s administrator, ICE Benchmark Administration (IBA), that it would continue to publish overnight and one, three, six and 12 month USD LIBOR settings until June 30, 2023. Sri Lanka, with a relatively high dollarised debt (USD 56 billion, or 67% of the GDP in 2019), is likely to have a substantial exposure to USD LIBOR and the current picture is expected to remain more or less the same for the next five years. ...