2025 · Q75
The Union Cabinet had approved a new Framework on Currency Swap Arrangement with which regional bloc for the period 2024-2027?
Current Events and Developmental IssuesInternational economic cooperation
- ASouth Asian Association for Regional Cooperation (SAARC)
- BAfrican Union (AU)
- CAssociation of Southeast Asian Nations (ASEAN)
- DEuropean Union (EU)
Explanation
The Union Cabinet approved the framework for the SAARC Currency Swap Arrangement for 2024-2027, under which the RBI offers swap facilities to SAARC central banks. The arrangement was not made with the African Union, ASEAN or the EU.