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Image header Agence Europe
Europe Daily Bulletin No. 9878
Contents Publication in full By article 33 / 44
GENERAL NEWS / (eu) eu/ecb

07/04/2009 (Agence Europe) - Central banks from the eurozone (the ECB), England (BoE), the United States (the Fed), Japan (BoJ) and Switzerland (BNS) signed a currency swap deal on Monday 6 April 2009 to provide the Fed, if required, with up to €80 billion, £30 billion, 10,000 billion yen and 40 billion Swiss francs for US financial institutions. In the autumn of last year, swap deals between the five banks in question were signed in the other direction, providing the other banks with an unlimited credit line to draw down US dollars from the Fed until 30 April 2009 in order to refinance financial institutions in the countries in question with dollars. An ECB press release comments that the central banks are still working together and taking measures as necessary to increase stability on the global financial markets. (A.B./transl.fl)

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