Revised Framework on Currency Swap Arrangement for SAARC Countries (2024-2027)
| Aspect | Details |
|---|---|
| Decision | Revised Framework on Currency Swap Arrangement for SAARC countries |
| Period | 2024 to 2027 |
| Authority | Reserve Bank of India (RBI) with concurrence of the Government of India |
| INR Swap Window | Introduced for swap support in Indian Rupee |
| Total INR Corpus | ₹250 billion |
| US Dollar/ Euro Swap Window | Swap arrangement in US$ and Euro |
| Total USD/Euro Corpus | US$ 2 billion |
| Eligibility | All SAARC member countries |
| Condition | Signing of bilateral swap agreements |
| SAARC Currency Swap Facility | Operational since November 15, 2012 |
| Purpose | Short-term foreign exchange liquidity or balance of payment crises |
| RBI Governor | Shaktikanta Das |
| RBI Founded | 1 April 1935, Kolkata |
| RBI Subsidiary | Structured Financial Messaging System |
| Founder of RBI | British Raj |