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Top central banks launch new bid to keep dollars flowing

AFP  |  London 

Leading central banks on Friday announced a new effort to keep dollars pumping through the virus-plagued world economy.

Starting on Monday, certain dollar liquidity operations among the banks will occur daily rather than weekly, according to a joint statement from the Federal Reserve, European Central Bank, Bank of Japan, Bank of England, Bank of Canada and the Swiss National Bank.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 20 2020. 20:08 IST