With State Council approval, the People's Bank of China and the Central Bank of Sri Lanka renewed their bilateral local-currency swap agreement for three years, setting the swap size at CNY 10 billion (LKR 410 billion) with an option to extend by mutual consent to support greater use of local currencies in bilateral trade, investment and wider financial cooperation.
Central Bank of the Republic of China 2025-01-22
People's Bank of China renews three-year CNY 10 billion currency swap agreement with Central Bank of Sri Lanka
The People's Bank of China and the Central Bank of Sri Lanka have renewed their bilateral local-currency swap agreement for three years, with a swap size of CNY 10 billion (LKR 410 billion). The agreement, approved by the State Council, includes an option for extension to enhance local currency use in trade, investment, and financial cooperation.