China approves USD 1.5 bn swap with Sri Lanka

China approves USD 1.5 bn swap with Sri Lanka

China approves USD 1.5 bn swap with Sri Lanka

Written by Staff Writer

11 Mar, 2021 | 12:04 am

COLOMBO (News1st): China has approved a 1.54 billion US dollar currency swap with Sri Lanka, State Minister Ajith Nivard Cabraal has said.

Cabraal had told a local newspaper that the deal will allow the island to weather “present difficulties” in the economic front.

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