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Sri Lanka pays debt with tea leaves

An outstanding £190million debt to Iran for oil is likely to be paid for with tea leaves.

Sri Lankan Plantations Minister Ramesh Pathirana said he aimed to start sending Ceylon tea to Tehran each from January 2022 with each consignment worth £3.8 million until the debt is settled. That will be around four years. The deal was struck to save Sri Lanka from having to dip into its foreign currency reserves.

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