Fed moves to satisfy global demand for dollars

Fed moves to satisfy global demand for dollars

The FED in order to satisfy global demand for Dollar has set up temporary dollar swap lines with 9 central banks in Asia, South America & EU. The new facilities will support $60bn swap lines with the central banks of Aus, Brazil, South Korea, Mexico, Singapore & Sweden. Lines of $30bn were set for the central banks of Denmark, Norway, & New Zealand. The swap lines will last for 6 months.

Milan
Milan
Martin
Martin 2 weeks

Interesting! Just when the Dollar was getting weaker and had a bleak future. Covid-19 comes along. LMAO🤣 Duh!

Top in Business
Get the App