Currency Swap Agreement: Current Affairs, GK & News - 2020-2021
RBI to extend $400 million Currency Swap Facility to Sri Lanka
Published: July 25, 2020
The Reserve Bank of India has signed all the necessary documents for extending a $400 million currency swap facility to Sri Lanka to boost the island nation’s draining foreign exchange reserves on account of the coronavirus pandemic around the world. This agreement will remain available till November 2022 In April 2020, RBI said in a ..
Month: Current Affairs - July, 2020
Category: Economy & Banking Current Affairs
Cabinet approves Currency Swap Agreement with Japan
Published: January 11, 2019
The Union Cabinet has approved India’s Currency Swap Agreement with Japan. The $75-billion bilateral currency swap arrangement is a milestone in mutual economic cooperation and special strategic and global partnership between two countries. Currency Swap Agreements A Currency swap agreement is a foreign exchange agreement between two parties to exchange a given amount of one currency for ..