In the case of the currency swaps, the foreign central banks are responsible for repaying the Federal Reserve, not the  BIS Review 15/2009  1  financial institutions that ultimately receive the funds, and the Fed receives an equivalent amount of foreign currency in exchange for the dollars it provides foreign central banks.
In this regard, cooperatives are felt to be an important provider of rural financial services to spurt inclusive growth. Ladies and Gentlemen,   Government of Nepal in Financial Sector Development Strategy (FSDS), issued in January 6, 2017 has recognized the importance of the Cooperative Sector to achieve economic development and in this regard, has devoted a separate chapter to its elaboration.