Tea workers pluck leaves at an estate in Nuwara Eliya, Sri Lanka in October 2017. Photo: Reuters
Tea workers pluck leaves at an estate in Nuwara Eliya, Sri Lanka in October 2017. Photo: Reuters
Sri Lanka

Sri Lanka to pay off US$251 million oil debt to Iran – with Ceylon tea

  • The first-of-its-kind barter deal will allow sanctions-hit Tehran to avoid having to use scarce hard currency to pay for imports of the widely consumed staple
  • Ceylon tea made up nearly half of Iranian consumption in 2016, but the proportion has declined in recent years

Topic |   Sri Lanka
Tea workers pluck leaves at an estate in Nuwara Eliya, Sri Lanka in October 2017. Photo: Reuters
Tea workers pluck leaves at an estate in Nuwara Eliya, Sri Lanka in October 2017. Photo: Reuters
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