Central Banks Give Each Other Access To Currency – 1 November 2013

Bloomberg Businessweek

By David Mc Hugh

FRANKFURT, Germany (AP) — Six of the world’s leading central banks, including the U.S. Federal Reserve, say they will provide each other with ready supplies of their currencies on a standing basis, extending arrangements set up to steady the global financial system during post-2007 turbulence.

The decision announced Thursday extends currency swap arrangements that until now had been considered temporary measures.
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