SL to allow use of Chinese Yuan

30 June 2011 03:19 am Views - {{hitsCtrl.values.hits}} 15 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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Sri Lanka’s central bank said it will allow China’s currency to be used in international transactions at authorized banks.

Permitting the use of the yuan in banking transactions will facilitate trade and investment between the two countries, the Central Bank of Sri Lanka said in a statement released on its website yesterday.

The central bank also allows international banking transactions in 13 other foreign currencies including the U.S. dollar, euro and yen, according to the statement.

Source: Bloomberg

Comments - 15

Tharaka Chanaka Thursday, 30 June 2011 03:22 AM

Good news, now we can negotiate in Chinese yuan down duplication road too...

5 88

rosh Thursday, 30 June 2011 03:30 AM

Isnt it teh Chinese money we are using right now?

7 82

Black Mamba Thursday, 30 June 2011 03:37 AM

Very soon we'd acquire slit eyes too!!!

19 64

pissu balla Thursday, 30 June 2011 03:40 AM

Eventually it happened. In few days we will have Chinhalese kids in Sri Lanka.

22 100

simple mind Thursday, 30 June 2011 03:39 AM

Will Yuan ultimately replace the Rupee completely. Also Yuan is a currency of which the exchange rate is controlled by the Chinese Central bank unlike other currencies such as the US$,Yen, Euro etc which are determined by the market.

7 56

Wara Thursday, 30 June 2011 03:47 AM

What next ?

5 53

Anushka Thursday, 30 June 2011 03:52 AM

And how is that a problem? I don't think using the US dollar has produced any Amerihalese or whatever you'd call them. They would probably be better than the pessimistic and lazy lot we have here.

62 59

pularika Thursday, 30 June 2011 04:18 AM

i think their language and currency is the way forward!

48 43

I Hussein Thursday, 30 June 2011 12:00 PM

China town in Colombo a possibility.

2 18

ramesh Thursday, 30 June 2011 05:38 PM

all the best...........................................................................

1 4

GanjaRabbit Friday, 01 July 2011 02:40 AM

should find some yuan soon. Hope they give discounts if paid in their currency....

0 5

GanjaRabbit Friday, 01 July 2011 02:40 AM

Ah so chinese money is called Rupee ? Thanks rosh i never knew this.

6 3

GanjaRabbit Friday, 01 July 2011 02:41 AM

wow then we can have kung-fu masters as well just like the movies.....

0 9

Yuan Chang Friday, 01 July 2011 05:54 AM

This is how we would take control of your Country.wait and see . we will make Hambang our capital.

3 7

Isthikar latheef Friday, 01 July 2011 05:47 PM

China town gonna be whole COLOMBO : already house are planed to be destroyed and gonna be apartmnts for chinese big boses

0 3

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