Sri Lanka's central bank governor said the suspension of payment would be until the country came to an agreement with creditors and with the support of a loan programme with the International Monetary Fund.
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On Tuesday, the island nation will repay $500 million towards an international sovereign bond, the first tranche of a total of $4.5 billion that it needs to pay back this year, to avoid the first default in its history.
TEHRAN, Dec 27 Iran has agreed to accept Ceylon tea in payment for a Sri Lankan oil debt valued at US$251 million (RM1.05 billion), Iranian media reported Thursday. “In recent negotiations, we reached a written deal to reimburse Iran’s debt and interest on it in the form of a monthly.