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Sri Lanka issues coin for CPC centennial

 


China is one of our most sincere friends, says Prime Minister Mahinda Rajapaksa.

In a rare diplomatic gesture, Sri Lanka has issued a commemorative coin marking the centenary of the Chinese Communist Party. The country’s Central Bank on Tuesday said it has minted two gold and silver coins, in connection with the 100th anniversary of the Party and 65 years of Sri Lanka-China relations.

The coins were issued at the request of the Sri Lankan government as an appreciation for the long-standing friendship and mutual trust between the two countries, said a statement from the top bank.

One of the coins, with a 1000 LKR denomination, bears the words Communist Party of China in Sinhala, Tamil and English, and the years 1921-2021, along with the 100th anniversary year, while the other has a view of Nelum built by China Pokuna Mahinda Theater Rajapaksa [located in Colombo], with national flags of Sri Lanka and China, and the words Sri Lanka-China 65 Years and 2022 written, according to the statement. Central Bank Governor WD Lakshman presented the first coin to President Gotabaya Rajapaksa on Tuesday.

Economic assistance

The movement of bank roofs comes amid substantial economic aid from China to Sri Lanka. While Sri Lanka already owes China more than $ 5 billion in past loans, Beijing sanctioned an additional $ 1 billion in loans and about $ 1.5 billion in a currency swap to help Colombo fight its economic crisis since the pandemic. hit the island country in March 2020.

Speaking at a virtual conference to commemorate the centenary of the Chinese Communist Party, Prime Minister Mahinda Rajapaksa said Wednesday that China was one of Sri Lanka’s most sincere friends. The Communist Party of China is currently the world ‘s largest party, which has given a very important message to the world about foreign relations for the last 70 years, he said, pointing to bilateral relations since 1957 and relations between the communist parties of both countries since the 1940s.

I am aware that it was the CPC foreign policy positions that elevated China on the global stage. However, China has never tried to impose its political views on the world, said Prime Minister Rajapaksa. China has also never felt the need to manipulate the affairs of other countries. China has helped other countries by keeping them at the same level, which is a very important issue for a country’s independence as well as its sovereignty, he said, even when parts within Sri Lanka, including its political allies, Rajapaksas, remain fiercely critical of Western and Indian intervention that they see as a threat to the country’s sovereignty.

Further praising China for its poverty eradication program, Mr. Rajapaksa said China always believed that improving infrastructure would provide new ways and new forces for the people. Therefore, we have consistently invited China to help develop infrastructure, he said, months after government critics opposed the creation of a $ 1.4 billion Chinese colony backed by China Colombo Port City.

The Rajapaksa administration has praised Chinas governance and progress in the past. President Gotabaya Rajapaksa earlier vowed to follow a Chinese style of development, while Bazil Rajapaksa [brother of the President and PM], former Minister and chief architect of Sri Lanka Podujana Peramuna in power (SLPP or Peoples Front) has noted that he would model their party in the Chinese Community Party and the Party of India Bharatiya Janata that he called the two best examples .

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