Pakistan-SL too for currency swap

17 July 2011 09:29 am - 5     - {{hitsCtrl.values.hits}}

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Pakistan President Asif Ali Zardari said his country is already having a dialogue with Sri Lanka for a currency swap arrangement to strengthen trade and economic ties, the Express Tribune reported. 

President Zardari, who is on a visit to Iran proposed a currency swap agreement with Iran to strengthen trade and economic ties between the two countries. He said Pakistan was already in a dialogue process with Turkey, Sri Lanka and China for currency swap arrangements.

President Zardari made this proposal during his meeting with his Iranian counterpart Mahmoud Ahmedinejad on Saturday, as he arrived in Tehran on a day-long trip.

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  Comments - 5

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  • Wahb Sunday, 17 July 2011 01:54 PM

    With pakistan ,Please no agreement on curruncy swap. with Maldives Yes.

    Guru Monday, 18 July 2011 05:32 AM

    Birds of the same feather flok together.

    pissu Sunday, 17 July 2011 09:43 AM

    zadari, pls stick to currency and not your people..whole world hate them

    Bumba Sunday, 17 July 2011 09:54 AM

    Pakistan relies lot on massive aid (not loans) from the USA. What is the advantage of such a currency swap to Sri Lanka. It look like the beggars soup.

    Haththilawwea Sunday, 17 July 2011 10:43 AM

    currency swap is like you transfer the ownership of a variable interest loan to a fixed interest loan and vise versa...the public should know the reality..uneducated people from rural areas think this is a Bid deal and people will benefit....if currency swaptions go wrong it'll result like hedging where either we lose or gain...sometime both part gains.


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