Roosa Bonds
Summary of Roosa Bonds
Bonds sold by the U.S. Treasury in the 1960s to foreign central banks for dollars as part of a Swap Arrangement (read this and related legal terms for further details) to relieve exchange rate instability. The bonds provided intermediate-term financing for the U.S. Treasury and were denominated in the purchaser’s currency.
(Main Author: William J. Miller)
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