Lanka to sign MoU with China to enhance market liquidity

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Prime Minister Ranil Wickremesinghe who is currently on an official visit to China is to sign an Memorandum of Understanding (MoU) in view of maintaining financial stability of the country by enhancing liquidity of the market, Deputy Minister of Foreign Affairs Harsha de Silva said.

The cabinet nod has been given to the above proposal yesterday at the weekly cabinet meeting.Prime Minister revealed Parliament recently that Sri Lanka is currently looking at one billion US dollars worth currency swap agreement with China.Sri Lanka received a 700 million US dollars currency swap from the Indian Central Bank earlier last month.

According to the Government Information Department, the expected MOU will also cover the development of agriculture and infrastructure in Sri Lanka.

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