PBoC signs $1.63bn swap deal with Central Bank of Sri Lanka
Three-year arrangement latest in string of swap deals inked by Chinese central bank
The People's Bank of China (PBoC) and the Central Bank of Sri Lanka (CBSL) have struck a currency swap deal worth 10 billion yuan ($1.63 billion), as Chinese authorities continue to pave the way for internationalisation of the renminbi.
The agreement, signed by governors Zhou Xiaochuan of the PBoC and Ajith Nivard Cabraal of the CBSL, stretches over three years but can be extended by mutual consent.
It follows a deal struck by the two banks in August that allows the CBSL to invest in China's
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