Question

    The SAARC currency swap framework extended in 2024 is

    worth: 
    A $1 billion Correct Answer Incorrect Answer
    B $1.5 billion Correct Answer Incorrect Answer
    C $2 billion Correct Answer Incorrect Answer
    D $2.5 billion Correct Answer Incorrect Answer
    E $3 billion Correct Answer Incorrect Answer

    Solution

    In 2024, the RBI renewed a $2 billion currency swap arrangement with SAARC countries, established to provide emergency balance-of-payments support to other member economies. 

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