<h1>Cabinet Extends Currency Swap Framework for SAARC Nations Until 2017 to Boost Regional Stability and Economic Influence.</h1> The Union Cabinet, led by the Prime Minister, approved a two-year extension with amendments to the Framework on Currency Swap Arrangement for SAARC member countries until November 14, 2017, with possible further extensions. This arrangement allows the Reserve Bank of India (RBI) to offer currency swaps to SAARC nations based on their import needs, up to a total of USD 2 billion. The amendments, approved in a 2013 SAARC FINANCE meeting, aim to improve clarity and operational efficiency. This initiative enhances India's economic influence and regional stability, with no immediate financial implications unless a bilateral swap is activated.