Fed, Central Banks Announce Emergency Cash Measures Sunday


dollar economy money worthy ministries

(Worthy News) – The U.S. Federal Reserve on Sunday said it had joined with the Bank of Canada, Bank of England, Bank of Japan, European Central Bank, and Swiss National Bank in a coordinated action to enhance the provision of liquidity through the standing U.S. dollar swap line arrangements.

The move came on the heels of a deal brokered by Swiss authorities to have UBS buy rival Swiss bank Credit Suisse to prevent its disorderly collapse and signals the depth of concern central bankers have over the recent turmoil in the financial system on both sides of the Atlantic.

“To improve the swap lines’ effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of seven-day maturity operations from weekly to daily,” the Fed said in a statement issued alongside announcements from the other five central banks. [ Source (Read More…) ]

15
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Latest Worthy News

Nepal Death Toll Climbs To 72 Amid Anti-Corruption Protests Fueled By Social Media Ban
Comfort In The Hill Country: Crosses That Point To Jesus, Salvation, Redemption
NATO Rolls Out Eastern Flank Defense After Drone Incursions (Worthy News Radio)
Israel Fires Air-Launched Ballistic Missiles at Hamas Leaders in Qatar
London Sees Massive “Unite the Kingdom” Rally Led by Tommy Robinson, Featuring Elon Musk, Tribute to Charlie Kirk
Free Media Awards For Journalists In Troubled Hungary, Georgia, Ukraine, Russia, Belarus and Azerbaijan
Christians Plead For Help As Deadly Floods Devastate Pakistan And Indonesia
Much Of World Mourns Charlie Kirk As Widow Vows To Continue His Christian Legacy
Suspected Attacker Of Charlie Kirk Surrenders After Father’s Plea And Talk With Pastor
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News