Sri Lanka seeks USD1bn currency swap with China: Prime Minister

china-flag

Mar 23, 2016 (LBO) – Sri Lanka is currently looking at one billion US dollars worth currency swap agreement with China, Prime Minister Ranil Wickremesinghe told Parliament Wednesday.

“We have several issues with regard to the foreign exchange reserves. We already have a swap with India and now we are going to have another one billion swap with Chinese Central Bank,” Wickremesinghe said.

Sri Lanka received a 700 million US dollars currency swap from the Indian Central Bank earlier this month.