Reciprocal Currency Arrangement

Business, Legal & Accounting Glossary

Definition: Reciprocal Currency Arrangement


Reciprocal Currency Arrangement


Full Definition of Reciprocal Currency Arrangement


Short term agreements between the central banks of two or more countries whereby a supply of one country’s currency is maintained at a steady exchange rate. This improves the conditions of liquidity in the global financial market and helps it to run smoothly. Also called swap lines.


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, from PayrollHeaven.com website: https://payrollheaven.com/define/reciprocal-currency-arrangement/

Definition Sources


Definitions for Reciprocal Currency Arrangement are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.