Aiming to enhance economic cooperation and strengthen financial stability, RBI has extended the USD 2 billion currency swap arrangement to SAARC nations till mid-November 2017. In a notification issued today, the Reserve Bank said that it has decided to extend the SAARC Currency Swap Arrangement till November 14, 2017. Under the arrangement, RBI will be offering swap arrangement up to an overall amount of USD 2 billion both in foreign currency and Indian rupee. RBI offered the SAARC Swap Arrangement to SAARC nations on November 15, 2012. All SAARC member countries including Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka can avail the facility.