Currency Swap Agreement with MMA
Recently, the Reserve Bank of India (RBI) signed a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework.
- This is to provide swap support as a backstop line of funding for short term foreign exchange liquidity requirements.
- This agreement will enable the MMA to make drawals in multiple tranches up to a maximum of USD 200 million from the RBI.
- In 2020, the RBI signed a currency swap agreement for extending up to USD 400 million to Sri Lanka.
SAARC Currency Swap Agreement: Key Points
- The SAARC currency swap facility came into operation on 15th November, 2012.
- The ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Right to Silence
- 2 Right to Change Name
- 3 Prevention of Damage to Public Property
- 4 Jan Vishwas (Amendment of Provisions) Act 2023
- 5 Rule 176 vs. Rule 267 of Rajya Sabha
- 6 Digital India Land Records Modernization Programme (DILRMP)
- 7 Bribery Not Protected by Parliamentary Privileges: SC
- 8 Vibrant Villages Programme
- 9 The Coalition of Coastal Cities
- 10 e-Court Phase III
Current Affairs
- 1 High-Powered Committee on Ladakh
- 2 Corrupt Practices under Representation of People Act, 1951
- 3 Section 69(A) of Information Technology Act, 2000
- 4 Article 105 of Constitution: The Limits to Free Speech in Parliament
- 5 Special Category Status
- 6 Government sets up Panel on Digital Competition Law
- 7 Guillotine in Parliament
- 8 Rule 357 of Rules of Procedure and Conduct of Business in Lok Sabha
- 9 Delegated Legislation
- 10 Rule 267 of Rajya Sabha Rule Book
