Federal Reserve Establishes Currency Swap Lines With Nine More Countries

The Federal Reserve said on Thursday it would establish a temporary program to help lend dollars to nine central banks to alleviate ongoing strains in financial markets.

The Fed on Sunday already announced it would adjust a program with five other foreign central banks to make U.S. dollars available overseas at near-zero interest rates and for periods of up to 84 days to ensure markets don’t run short of currency outside of the U.S.

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