The People’s Bank of China approves a 10 billion Yuan Currency Swap

Monday, 15 March 2021

The People’s Bank of China approved yesterday (10/03) a 10 billion Yuan currency swap with Sri Lanka.

Sri Lanka Ambassador to China, Dr. Plalitha Kohona welcomed the arrangement and stated that this is a welcome expression of confidence in Sri Lanka’s economy and an encouragement of prospective investors further energising Sri Lanka’s economy.

He appreciated the efforts made by the Central Bank of Sri Lanka and the People’s Bank of China for finalising the formalities remotely.