US$ 1.5 Bn currency swap with China stumbles on a roadblock

COLOMBO (News 1st); China in early 2021 approved a 10 billion yuan ($1.54 billion) currency swap with Sri Lanka, however, the agreement has stumbled on a roadblock due to a technicality. Finance Minister Basil Rajapaksa requested the Speaker of China to look into to the USD 1.5 billion fiscal transfer between the two Central Banks […]

US$ 1.5 Bn currency swap with China stumbles on a roadblock