Sri Lanka inks 3 year USD 1.5 billion currency swap deal with China

Current GK ( Master) Financial System

Sri Lanka has signed a 10 billion yuan (about USD 1,5 billion) currency swap deal with China with the main motive to promote bilateral trade and direct investment between the two countries.
The agreement for the same was signed between the Central Bank of Sri Lanka and the People’s Bank of China.
This agreement is valid for three years.
The People’s Republic of China is the largest source of imports for Sri Lanka.