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Fed to Extend Aid to Foreign Banks

The Federal Reserve announced that it will extend a program that lowers the cost of borrowing for foreign banks that deal in U.S. dollars. Four other central banks also announced the same plan. This is significant for global trade because the global economy is based on US dollars for transactions.

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Fed extends aid to foreign banks


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Fed to Extend Aid to Foreign Banks by
Posted by on December 27, 2012. Filed under Featured. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry