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The development bank set up by the BRICS bloc is negotiating with Saudi Arabia on accepting the country as a member, according to a press report. The talks come as the bank, created as an alternative to similar institutions led by the West, seeks to expand its funding options amid sanctions on one of its [...]
The post BRICS Bank in Membership Talks With Saudi Arabia, Report Reveals appeared first on Crypto Breaking News.
The government of Brazil views the development bank established by the BRICS bloc as an alternative to traditional financial institutions, the country’s head of state told African diplomats. President Lula da Silva also vowed that the bank will improve cooperation with its African counterpart. Brazil Wants the New Development Bank Under BRICS to Strengthen as [...]
The post Brazil Sees BRICS Bank as Alternative Financial Institution, President Lula Says appeared first on Crypto Breaking News.
Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland.
The Roscongress Foundation, a Russian think tank, has profiled the New Development Bank, known as the BRICS bank, as an alternative to the International Monetary Fund (IMF) in its latest “Decolonization in Energy Markets” report. Nation members could secure loans based on their energy-exporting capabilities, which would be liquid, and similar to the Special Drawing
The post Russian Think Tank Profiles BRICS Bank as IMF Counterpart to De-Dollarize Credit Markets appeared first on BTC Ethereum Crypto Currency Blog.
The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable financing policy. BRICS Development Bank Launches 3-year ‘Green’ Bonds The New Development Bank (NDB), founded by the BRICS
The post BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds appeared first on BTC Ethereum Crypto Currency Blog.
The process of de-dollarization has practically started, according to Russian Minister of Foreign Affairs Sergey Lavrov. Moscow’s top diplomat is convinced that Russia’s position on the matter is shared by many other countries while the West is undermining the role of the U.S. currency. Russia’s Sergey Lavrov Announces Beginning of De-dollarization of Global Economy Russian [...]
The post De-dollarization Has Already Started, Says Russia’s Foreign Minister Lavrov appeared first on Crypto Breaking News.
The BSP wants to better track and monitor blockchain and crypto companies according to Asian Development Bank.
The post BSP Wants Better Surveillance of Blockchain and Crypto Companies – ADB Report appeared first on BitPinas.
The Brazilian Development Bank (BNDES) has partnered with the Court of Accounts of the Union (TCU), a constitutional institution of the Brazilian government, to complete the development of the Brazilian Blockchain Network. The partnership, established through a memorandum of understanding, establishes a deadline for the completion of the project, which should be finished in five… More
The post Brazilian Development Bank Sets Deadline for Completion of Blockchain Network appeared first on BTC Ethereum Crypto Currency Blog.
Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding. The Spring Development Bank is named after the Spring Revolution, the opposition movement led by Myanmar’s exiled National Unity Government (NUG) against the [...]
The post Myanmar’s shadow government backs launch of crypto-based bank appeared first on Crypto Breaking News.
The government of Argentina has noted that 19% of all imports authorized in the national system were settled using the Chinese yuan in April and May. $2.72 billion in Chinese yuan were approved to complete these payments, taking advantage of the Chinese swap line to preserve the dollar reserves of the country, according to Commerce [...]
The post Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan appeared first on Crypto Breaking News.
Dilma Rousseff, president of the New Development Bank — also known as the BRICS bank — and former Brazilian president, has called for establishing a financial architecture designed for the so-called Global South. In a keynote speech at the 14th Lujiazui Forum, Rousseff remarked on the importance of this new structure for promoting sustainable growth.
The post BRICS Bank President Dilma Rousseff Calls for the Creation of a Global South Focused Financial System appeared first on BTC Ethereum Crypto Currency Blog.
The government of Honduras has formally applied to become part of the New Development Bank, known as the BRICS bank, in an official visit of Honduran President Xiomara Castro to Shanghai. Honduras is now another country that has requested entry into the financial organization, alongside Argentina. Honduras Requests Entry to BRICS Bank The New Development
The post Honduras Applies to Join BRICS Bank appeared first on BTC Ethereum Crypto Currency Blog.
According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the [...]
The post Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency appeared first on Crypto Breaking News.
The BRICS Bank’s vice president and chief financial officer has shed light on the economic bloc’s aspiration to develop a common BRICS currency. His remarks followed recent reports suggesting that Russia has confirmed the BRICS’ plan to introduce a gold-backed common currency, with an official announcement expected to be made during the forthcoming BRICS leaders’
The post BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention appeared first on BTC Ethereum Crypto Currency Blog.
Brazilian President Luiz Inacio Lula da Silva stated Brazil will serve as a facilitator to try and arrange BRICS bloc assistance for Argentina. Lula stated that the New Development Bank — the BRICS bank — could modify some of its rules to aid Argentina. Also, the two countries are negotiating the establishment of a credit
The post Brazilian President Lula to Act as BRICS Liaison to Help Argentina, Discusses Credit Line in Brazilian Reals appeared first on BTC Ethereum Crypto Currency Blog.
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