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The central bank has decided to authorize the Bank of China Colombo Branch to serve as the Renminbi clearing bank in Sri Lanka.
According to the Memorandum of Understanding on Cooperation between the People’s Bank of China and the Central Bank of Sri Lanka, the People’s Bank of China has decided to authorize the Bank of China Colombo Branch to serve as the Renminbi clearing bank for Sri Lanka.
(CCTV News Client)