Question: Recently the Reserve Bank of India has signed a Special Currency Swap Agreement with which of the following country’s central Bank?
(a) Central Bank of Sri Lanka
(b) Central Bank of Bangladesh
(c) Central Bank of Saudi Arabia
(d) Federal Reserve Bank, America
Ans (a)
Related facts:
- On 29 March 2016 he Reserve Bank of India has signed a Special Currency Swap Agreement with the Central Bank of Sri Lanka.
- Under the arrangement, the Central Bank of Sri Lanka can draw upto US$ 700 million for a maximum period of three months.
- This special arrangement is in addition to the existing Framework on Currency Swap Arrangement for the SAARC Member Countries.
Reference:
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=36597
http://economictimes.indiatimes.com/news/economy/foreign-trade/rbi-sri-lankan-central-bank-sign-700-million-currency-swap-agreement/articleshow/51602068.cms