News

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.

Read More

READ MORE:   U.S. airlines face push-back in Congress on $50 billion bailout proposal

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close