Geetanjali ias academy

SAARC Currency Swap Framework

Consider the following statements:

  1. The SAARC currency swap facility came into operation on 15th November, 2012.
  2. Under the agreement, RBI can offer a swap arrangement within the overall corpus of USD 2 billion.
  3. The framework does not provide any concession for swap drawals in Indian rupee.

Which of the above statement(s) is/are true?

1 and 2
2 and 3
1 and 3
All of the above