The Reserve Bank of India (RBI) has entered into a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework 2024-27, on October 07, 2024, in New Delhi. Under the agreement, the MMA is eligible for financing support from the RBI amounting to USD 400 million under the US Dollar/ Euro Swap Window and INR 30 billion under the INR Swap Window. The agreement would be valid till June 18, 2027.

The Reserve Bank of India with the concurrence of the Government of India has decided to put in place a revised Framework on Currency Swap Arrangement for SAARC countries for the period 2024 to 2027. Under this Framework, the Reserve Bank would enter into bilateral swap agreements with SAARC central banks, who want to avail of the swap facility. It may be recalled that the SAARC Currency Swap Facility came into operation on November 15, 2012 with an intention to provide a backstop line of funding for short term foreign exchange liquidity requirements or balance of payment crises of the SAARC countries till longer term arrangements are made.

The Reserve Bank of India (RBI) has 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. (Yogesh Dayal) Chief General Manager Press Release: 2022-2023/1330

The Reserve Bank of India (RBI) has signed a Currency Swap Agreement with the Central Bank of Sri Lanka under the SAARC Currency Swap Framework 2019-22. Under the agreement, Central Bank of Sri Lanka can make drawals of US Dollar, Euro or Indian Rupee in multiple tranches up to a maximum of US$ 400 million or its equivalent. The agreement would be valid till November 13, 2022. The SAARC Currency Swap Framework came into operation on November 15, 2012 to provide a back

To further financial stability and economic cooperation within the SAARC region, the Reserve Bank of India, with the concurrence of the Government of India, has decided to put in place a revised Framework on Currency Swap Arrangement for SAARC countries 2019-2022. The Framework is valid from November 14, 2019 to November 13, 2022. Based on the terms and conditions of the Framework, the RBI would enter into bilateral swap agreements with SAARC central banks, who want t

The 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. The proposal to extend the additional currency swap facility of US$ 700 million to Sri Lanka for a limited period was

Photograph The Reserve Bank of India today signed a SAARC Currency Swap Agreement with the Royal Monetary Authority of Bhutan (RMBA). Under the arrangement, the RMBA can make drawals of US dollar, Euro or Indian Rupee in multiple tranches up to a maximum of US$ 100 million or 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 w

To further financial stability and economic cooperation within the SAARC region, the Reserve Bank of India has, with the concurrence of the Government of India, decided to extend the SAARC Currency Swap Arrangement till November 14, 2017. It may be recalled that the SAARC Swap Arrangement was offered by the RBI to SAARC nations on November 15, 2012. Under this arrangement, RBI will offer Swap Arrangement up to and overall amount of US $ 2 billion both in foreign curre

The Reserve Bank of India today 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$ 1. 1 billion for a maximum period of six months. This special arrangement is in addition to the existing Framework on Currency Swap Arrangement for the SAARC Member Countries. It may be recalled that on March 25, 2015, the Reserve Bank of India had signed a Currency Swap Agreement with the C

The Reserve Bank of India today signed the Currency Swap Agreement with the Central Bank of Sri Lanka. The Central Bank of Sri Lanka can make drawals of US Dollar or Euro in multiple tranches up to a maximum of US$ 400 million or 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 May 2012, the Governor, Reserve Bank of India