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In February 2022, Japan and India extended their bilateral swap agreements up to _________.
- a)USD 80 Million
- b)USD 65 Billion
- c)USD 50 Million
- d)USD 75 Billion
- e)USD 85 Billion
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
In February 2022, Japan and India extended their bilateral swap agreem...
Japan and India have renewed the Bilateral Swap Arrangement (BSA) under which the 2 countries can swap their local currencies in exchange for the US Dollar of up to USD 75 billion with effect from 28th February 2022.
Signatories – The Bank of Japan which is acting as agent for the Minister of Finance of Japan, and the Reserve Bank of India (RBI) on behalf of the Government of India (GoI) signed the Amendment and Restatement Agreement of the BSA.
About Japan:
Capital – Tokyo
Currency – Japanese Yen
Prime Minister – Fumio Kishida
Signatories – The Bank of Japan which is acting as agent for the Minister of Finance of Japan, and the Reserve Bank of India (RBI) on behalf of the Government of India (GoI) signed the Amendment and Restatement Agreement of the BSA.
About Japan:
Capital – Tokyo
Currency – Japanese Yen
Prime Minister – Fumio Kishida
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In February 2022, Japan and India extended their bilateral swap agreements up to _________.a)USD 80 Millionb)USD 65 Billionc)USD 50 Milliond)USD 75 Billione)USD 85 BillionCorrect answer is option 'D'. Can you explain this answer?
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