TEHRAN, Dec 27 — Iran has agreed to accept Ceylon tea in payment for a Sri Lankan oil debt valued at US$251 million , Iranian media reported Thursday.
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 US$251 million debt for Iranian oil supplied to Sri Lanka nine years ago”. The barter deal will allow sanctions-hit Iran to avoid having to use up scarce hard currency to pay for imports of the widely consumed staple, Peyman-Pak said.
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