PBoC signs $1.63bn swap deal with Central Bank of Sri Lanka

China map

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 int

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: