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of <h1>India and Bhutan Sign Currency Swap Deal for $100M to Boost Economic Cooperation, Valid for Three Years.</h1> The Reserve Bank of India has signed a Currency Swap Agreement with the Royal Monetary Authority of Bhutan, allowing Bhutan to withdraw up to US$ 100 million or its equivalent in multiple currencies. This agreement, valid for three years, aims to enhance economic cooperation between the two countries. Announced in 2012, the swap facility is part of a broader initiative by India to provide financial support to SAARC member countries, including Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, Pakistan, and Sri Lanka, to address balance of payments issues and ensure regional financial stability.
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