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Iran accepts tea in payment for Sri Lankan oil debt

In 2016, Ceylon tea made up nearly half of Iranian consumption, but the proportion has declined in recent years.

Iran accepts tea in payment for Sri Lankan oil debt | Money

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.

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