SAARC Swap Framework Current Affairs, GK & News

Cabinet approves amendments to Currency Swap arrangement for SAARC nations

The Union Cabinet headed by Prime Minister Narendra Modi has approved the amendments to the framework on currency swap arrangement for SAARC member countries. The amendments incorporate a standby facility of USD 400 million. This stand-by facility enables India to provide a prompt response to the current request from SAARC member countries for availing the swap amount exceeding the present limit prescribed under the SAARC Swap Framework. SAARC Swap Framework The Framework on ..