SL renews $ 1.4 b currency swap with China

Saturday, 18 January 2025 01:09 - - {{hitsCtrl.values.hits}}

The Central Bank of Sri Lanka (CBSL) said yesterday that in December 2024 it successfully renewed the bilateral currency swap with the People’s Bank of China for another three years.

The move was under the terms and conditions stipulated in the original agreement.

“The CNY 10 billion (approximately $ 1.4 billion) currency swap facility reflects the financial cooperation between China and Sri Lanka,” CBSL said.

CBSL Governor Dr. P. Nandalal Weerasinghe signed the agreement on behalf of the Central Bank of Sri Lanka, while People’s Bank of China Governor Pan Gongsheng signed on behalf of the People’s Bank of China.

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