Exchange risk guarantee scheme

Updated: Aug 20, 2021

Where loans are obtained in foreign currencies through either the E.I.B. (European Investment Bank) or the E.C.S.C. (European Coal and Steel Community) in connexion with aid to assisted areas, then the government will cover any exchange risk in return for an annual service charge related to the size of the loan.

Reference: The Penguin Business Dictionary, 3rd edt.

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