Home > Glossary > Reciprocal Currency Arrangement
Meaning / Definition of
Reciprocal Currency Arrangement
Categories: Forex,
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.
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Erection All Risks (EAR) Insurance
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