Currency Swap

RECENT NEWS
The Hindu Business Line  Nov 7  Comment 
Demonetisation’s success will depend on what income-tax sleuths get from suspect accounts, more people taking to digital payments, and how tax-compliant people become. Else, it will be nothing more than a great Indian currency swap
The Economic Times  Dec 14  Comment 
"The demonetised currency notes were deposited into the bank's chest disguised as genuinely exchanged notes," the CBI said.
The Hindu Business Line  Nov 24  Comment 
Pre-paid mobile top-ups, school/college fees added to services that can receive old notes
The Hindu Business Line  Nov 10  Comment 
Many people across the country spent almost all of Thursday waiting in queues to exchange their ₹500 and ₹1,000 currency notes. After an agonising wait of over 24 hours to get their legally earned ...
Reuters  Mar 29  Comment 
India's central bank said on Tuesday it would allow its Sri Lankan counterpart to draw up to $700 million over a maximum period of three months under a new special currency swap agreement signed by the two central banks.
The Economic Times  Mar 17  Comment 
The Reserve Bank of India today signed a SAARC currency swap agreement with the Royal Monetary Authority of Bhutan (RMBA).
Mondo Visione  Nov 27  Comment 
The International Swaps and Derivatives Association, Inc. (ISDA) and the International Islamic Financial Market (IIFM) yesterday announced publication of a new Islamic hedging product standard, the ISDA/IIFM Himaayah Min Taqallub As‘aar...
newratings.com  Nov 26  Comment 
VIENNA (dpa-AFX) - Central banks of Eurozone and China announced on Thursday that they have successfully tested their existing bilateral currency swap arrangement. The bilateral currency swap serves as a backstop facility to address sudden...
The Economic Times  Nov 18  Comment 
The arrangement will further financial stability in the region, besides improving the standing and credibility of India among the SAARC countries, the statement said.
The Economic Times  Sep 7  Comment 
CBSL received $400 million following PM Modi’s trip to Colombo, which was the first bilateral trip to the island nation in over two decades.




 

Currency Swap - An exchange of two currencies, coupled with a subsequent re-exchange of those currencies, at agreed exchange rates and dates.

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