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China loan and currency swap for Sri Lanka

China loan and currency swap for Sri Lanka

by Zulfick Farzan 05-03-2021 | 3:20 PM

Colombo (News 1st); China will endorse a US $ 500 million loan and a currency swap arrangement of two billion Yuan (around US $ 600 million) to Sri Lanka within the next couple of weeks.

The announcement quoting informed sources was made by the official Twitter handle of the Belt and Road Initiative in Sri Lanka.

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