Sri Lanka’s CPC owes almost billion dollars on India, Iran credit lines

Sri Lanka’s state-run Ceylon Petroleum Corporation owed 1,035 million dollars taken after transferring 2.44 billion US dollars borrowed from local banks during periods of monetary instability, official data showed.

The central government had taken over 1.34 billion US dollars of loans from Bank of Ceylon and 1.09 billion US dollars from People’s Bank, a Finance Ministry report said.

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