{"id":361491,"date":"2026-04-24T17:57:33","date_gmt":"2026-04-24T12:27:33","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=361491"},"modified":"2026-04-24T17:57:33","modified_gmt":"2026-04-24T12:27:33","slug":"saarc-currency-swap-framework","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/saarc-currency-swap-framework\/","title":{"rendered":"SAARC Currency Swap Framework"},"content":{"rendered":"<p><strong>News<\/strong>: India approved Rs. 30 billion withdrawal for Maldives under SAARC Currency Swap Framework, reaffirming financial support and regional cooperation commitment.<\/p>\n<h2>About SAARC Currency Swap Framework<\/h2>\n<figure id=\"attachment_361506\" aria-describedby=\"caption-attachment-361506\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-361506\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/04\/Source-PIB-5.jpg?resize=300%2C300&#038;ssl=1\" alt=\"SAARC Currency Swap Framework\" width=\"300\" height=\"300\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/04\/Source-PIB-5.jpg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/04\/Source-PIB-5.jpg?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/04\/Source-PIB-5.jpg?w=677&amp;ssl=1 677w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-361506\" class=\"wp-caption-text\">Source &#8211; PIB<\/figcaption><\/figure>\n<ul>\n<li>SAARC currency swap framework <strong>provides SAARC countries a line of funding for short-term foreign exchange<\/strong> requirements.<\/li>\n<li><strong>Currency Swap Framework:<\/strong> It is a contract between countries to exchange currencies with predetermined terms for liquidity support. It helps meet short-term foreign exchange needs and avoid balance of payments pressure without market risks.<\/li>\n<li><strong>Purpose<\/strong>: It aims to strengthen regional financial cooperation, promote integration, and support economic stability during external stress while enhancing India\u2019s ties with neighbouring countries.<\/li>\n<li><strong>Structure<\/strong>: It operates through bilateral agreements between the RBI and SAARC member central banks.<\/li>\n<li><strong>Swap Window<\/strong>: The framework includes an <strong>INR Swap Window of \u20b925,000 crore<\/strong> along with an existing <strong>USD\/Euro Swap Window of $2 billion<\/strong>, <strong>operated through central banks.<\/strong><\/li>\n<li><strong>Key Aspects:<\/strong>\n<ul>\n<li><strong>Liquidity Support:<\/strong> It allows access to foreign exchange during stress without relying on commercial borrowings.<\/li>\n<li><strong>Pre-determined Terms:<\/strong> It carries no exchange rate or market risks as terms are fixed in advance.<\/li>\n<li><strong>Regional Integration:<\/strong> It promotes inter-dependence and strengthens cooperation among SAARC countries.<\/li>\n<li><strong>INR Promotion:<\/strong> It encourages drawals in Indian Rupee to support its internationalisation.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Significance<\/strong>: It ensures financial stability and strengthens India\u2019s economic and strategic ties with South Asian neighbours.<\/li>\n<\/ul>\n<h2>About SAARC<\/h2>\n<ul>\n<li>The South Asian Association for Regional Cooperation (SAARC) is a <strong>regional intergovernmental organisation of eight nations in South Asia<\/strong>.<\/li>\n<li><strong>Establishment<\/strong>: It was established on <strong>8 December 1985 in Dhaka<\/strong> to promote regional cooperation and economic growth.<\/li>\n<li><strong>Members<\/strong>: It includes eight countries, namely Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.<\/li>\n<li><strong>Secretariat<\/strong>: It is located in Kathmandu, Nepal.<\/li>\n<li><strong>Principles<\/strong>: It follows unanimity in decisions and excludes bilateral and contentious issues from deliberations.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: India approved Rs. 30 billion withdrawal for Maldives under SAARC Currency Swap Framework, reaffirming financial support and regional cooperation commitment. About SAARC Currency Swap Framework SAARC currency swap framework provides SAARC countries a line of funding for short-term foreign exchange requirements. Currency Swap Framework: It is a contract between countries to exchange currencies with&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/saarc-currency-swap-framework\/\">Continue reading <span class=\"screen-reader-text\">SAARC Currency Swap Framework<\/span><\/a><\/p>\n","protected":false},"author":10401,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,164,1236,12039],"tags":[11872],"class_list":["post-361491","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-international-relations-daily-factly-articles","category-international-organisations","category-knolls","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/361491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10401"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=361491"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/361491\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=361491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=361491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=361491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}