11.   The Fed has also arranged short-term currency swaps with Canada, the Bank of England and the European Central Bank to ensure an adequate supply of dollars.

12.   While at Citicorp, Eccles devised the currency swap, which is now widely used to hedge risk in the foreign exchange market.

13.   Amnuay said he was not informed about the currency swap to defend the baht because it occurred in the banking department, not in the exchange equalisation fund.

14.   Currency swaps refer to the simultaneous sale and purchase of currencies - in this case, dollars - at different maturity dates.

15.   Creditors can also undertake limited debt for nature, debt for aid and debt for equity swaps or other local currency swaps.

16.   Currency swaps, however, involved an actual flow of liquidity since the client purchasing dollars from banks would actually get the dollars.

17.   Currency swaps, on the other hand, are used to correct inbalancesbetween foreign currency assets and liabilities.

18.   France, Ireland, and the Netherlands have already finished their currency swap.

19.   In fact, it would be a currency swap.

20.   Little did it realise that currency swaps were a double-edge sword.