The People's Bank of China has decided to authorize the Colombo Branch of Bank of China Limited to act as the RMB clearing bank for 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 Limited Colombo Branch to serve as the Renminbi clearing bank for Sri Lanka. (People’s Bank of China)

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