And other alternatives available included raising finances from the international bond market, enabling currency swap arrangements
with trade partners to avert a fall in forex reserves and a return to the IMF was last on the list, he said.
The EAD secretary was of the view that over $6 billion that the central bank borrowed under the currency swap arrangements
were part of the $7.
Pakistan and China agreed to establish and improve cross-border credit system and financial services, strengthen currency swap arrangements
and establish a bilateral payment and settlement system.
South Korea had swap arrangements
in the past with the US and Japan, although both have since expired.
Mack-Cali entered into interest rate swap arrangements
to fix LIBOR for the duration of the loan.
The country also has bilateral swap arrangements
(BSAs) for emergencies such as foreign currency fund shortage.
The Chiang Mai Initiative - which started as a series of bilateral swap arrangements
in 2000 and has, over the last 14 years, developed into a multilateral currency swap arrangement
- was the obvious way to improve cooperation, although it had its skeptics.
The Federal Reserve has established swap arrangements
with the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank, and the Bank of Japan.
With the anticipated near term completion of various of these milestones, the company looks forward to providing further updates on each of the projects shortly thereby benefiting from the equity swap arrangements
He said that the Free Trade Agreementa[euro]s Currency SWAP arrangements
and other such steps will further promote economic ties between the two countries.
Tokyo: Japan and Southeast Asian countries are in talks over expanding currency swap arrangements
to help cushion their economies in financial emergencies, an official said on Thursday, ahead of a Japan-Asean summit next week.
Under the oil swap arrangements
, Azerbaijan, Turkmenistan and Kazakhstan have each provided Iran with some crude oil over the years.