IRAN has agreed to accept Ceylon tea in payment for a Sri Lankan oil debt valued at $251 million (£187.1m), Iranian media reported Thursday (23).

“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 $251 million debt for Iranian oil supplied to Sri Lanka nine years ago”.

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