swap line
swap line · swap lines
A procedure whereby a central bank trades money with a foreign bank in one currency in…A procedure whereby a central bank (usually the United States Federal Reserve) trades money with a foreign bank in one currency in exchange for an equivalent amount of money in the foreign bank's domestic currency, for the purpose of alleviating a currency shortage.
Meaning
1 sensesA procedure whereby a central bank (usually the United States Federal Reserve) trades money with a foreign bank in one currency in exchange for an equivalent amount of money in the foreign bank's domestic currency, for the purpose of alleviating a currency shortage.
Origin
swap + line (“of credit”)swap + line (“of credit”)
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