Short term agreements between the central banks of two or more countries whereby a supply of one country's currency is maintained at a steady exchange rate. This improves the conditions of liquidity in the global financial market and helps it to run smoothly. Also called swap lines.
Related information about reciprocal currency arrangement:
- Reciprocal Currency Arrangement Definition | Investopedia
Temporary arrangement between central banks to maintain a supply of a country's currency for trade with other central banks at a specified exchange rate.
- What is reciprocal currency arrangement? definition and meaning
Definition of reciprocal currency arrangement: Short term agreements between the central banks of two or more countries whereby a supply of one country's ...
- Reciprocal Currency Arrangement: Definition from Answers.com
Reciprocal Currency Arrangement Temporary arrangement between central banks to maintain a supply of a country's currency for trade with other.
- Swap Line - Dollar Swap Line
Definition: A swap line is another term for a temporary reciprocal currency arrangement between central banks. They agree to keep a supply of their country's ...
- FRB: Press Release--FOMC authorizes an increase in the size of its ...
Oct 14, 2008 ... The Federal Open Market Committee has authorized an increase in the size of its temporary reciprocal currency arrangement (swap line) with ...
- FRB: Press Release--Federal Reserve, Banco Central do Brasil ...
Oct 29, 2008 ... October 14, 2008. FOMC authorizes an increase in the size of its temporary reciprocal currency arrangement with the Bank of Japan October 28 ...
- FRB: Press Release--Federal Reserve and Reserve Bank of New ...
Oct 28, 2008 ... This reciprocal currency arrangement has been authorized through April 30, 2009. The FOMC previously authorized temporary reciprocal ...
- Increase in the reciprocal currency arrangement with the Bank of ...
Share: Increase in the reciprocal currency arrangement with the Bank of Mexico, announced February 1, 1995. Contents: Author info; Abstract; Bibliographic info ...