OREANDA-NEWS. October 02, 2014. With the approval of the State Council, the People’s Bank of China signed, on September 16, 2014, an agreement on bilateral local currency swap with the Central Bank of Sri Lanka.

The size of the swap facility is 10 billion yuan/LKR 225 billion. The term of the agreement is three years and can be extended with mutual consent.

The signing of the local currency swap agreement will help promote bilateral trade and investment and strengthen financial cooperation between the two central banks.