Sri Lanka inks 3 year USD 1.5 billion currency swap deal with China
- Sri Lanka has signed a 10 billion yuan (about USD 1,5 billion) currency swap deal with China with the main motive to promote bilateral trade and direct investment between the two countries.
- The agreement for the same was signed between the Central Bank of Sri Lanka and the People’s Bank of China.
- This agreement is valid for three years.
- The People’s Republic of China is the largest source of imports for Sri Lanka.