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TMI BlogRBI signs Currency Swap Agreement with Royal Monetary Authority of BhutanX X X X Extracts X X X X X X X X Extracts X X X X ..... RBI signs Currency Swap Agreement with Royal Monetary Authority of Bhutan X X X X Extracts X X X X X X X X Extracts X X X X ..... ment with the Royal Monetary Authority of Bhutan. The Royal Monetary Authority of Bhutan can make drawals of US Dollar, Euro or Indian Rupee in multiple tranches up to a maximum of US$ 100 million or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... its equivalent. This is expected to further economic co-operation between the two countries. The agreement is valid for a period of three years from the date of signing. It may be recalled that in M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ay 2012, Governor Dr. D. Subbarao had announced in the SAARCFINANCE Governors' meeting, held in Pokhara, Nepal, that the Reserve Bank of India would offer swap facilities aggregating US$ 2 billion, bo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th in foreign currency and Indian Rupee to our neighbouring countries of the SAARC region. The facility is available to all SAARC member countries, viz., Afghanistan, Bangladesh, Bhutan, Maldives, Nep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al, Pakistan and Sri Lanka. The swap arrangement is intended to provide a backstop line of funding for the SAARC member countries to meet any balance of payments and liquidity crises till longer term ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arrangements are made or if there is need for short-term liquidity due to market turbulence. The arrangement will also further financial stability in the region. R. R. Sinha Deputy General Manager ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Press Release: 2012-2013/1506 X X X X Extracts X X X X X X X X Extracts X X X X
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