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(banking) A procedure whereby a central bank (usually the United States Federal Reserve) trades money with a foreign bank in one currency in exchange for an equivalent amount of money in the foreign bank's domestic currency, for the purpose alleviating a currency shortage.

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swap line

During the crisis, the Federal Reserve established a swap line with several central banks to provide dollars and ease liquidity pressures.

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During the crisis, the Federal Reserve established a swap line with several central banks to provide dollars and ease liquidity pressures.

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