Iran accepts tea in payment for Sri Lankan oil debt – The National
- Date: 24-Dec-2021
- Source: The National
- Sector:Financial Services
- Country:Gulf
Iran accepts tea in payment for Sri Lankan oil debt – The National
Iran has agreed to accept Ceylon tea in payment for a Sri Lankan oil debt valued at $251 million, 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 shipment of tea produced in Sri Lanka,” the head of Iran's Trade Promotion Organisation said.
Alireza Peyman-Pak was quoted as saying that “a deal was reached on Tuesday, according to which Sri Lanka will export tea to Iran every month to settle a $251m debt for Iranian oil supplied to Sri Lanka nine years ago".