Central Banks Agree To Currency Swaps

09 Apr 2009

British, European, Japanese and U.S. central banks have agreed to issue billions in currency swaps to the U.S. Federal Reserve to boost liquidity in an effort to thaw credit markets.

British, European, Japanese and U.S. central banks have agreed to issue billions in currency swaps to the U.S. Federal Reserve to boost liquidity in an effort to thaw credit markets. The USD287 billion in liquidity could be drawn on in the form of foreign currency.

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