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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Federal Reserve to lend cash to emerging nations

Posted on 30 October 2008

From Washingtonpost.com: The Federal Reserve said today it will lend money for the first time to central banks in several emerging nations, as it tries to prevent a global shortage of dollars.

The central bank said it is establishing “swap lines” of up to $30 billion each with the central banks of Brazil, Singapore, Mexico and South Korea. This will allow those banks to pump cash into their respective financial systems…… Full Article: Source


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