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CATEGORY: new development bank

Russian Think Tank Profiles BRICS Bank as IMF Counterpart to De-Dollarize Credit Markets
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
May 26, 2023 01:20

Russian Think Tank Profiles BRICS Bank as IMF Counterpart to De-Dollarize Credit Markets

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.

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BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Apr 22, 2023 01:20

BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds

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.

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Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 20, 2023 02:10

Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan

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.

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BRICS Bank President Dilma Rousseff Calls for the Creation of a Global South Focused Financial System
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jun 14, 2023 01:20

BRICS Bank President Dilma Rousseff Calls for the Creation of a Global South Focused Financial System

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.

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Honduras Applies to Join BRICS Bank
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jun 13, 2023 01:20

Honduras Applies to Join BRICS Bank

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.

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Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 13, 2023 10:30

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

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.

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BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jul 09, 2023 01:20

BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention

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.

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Brazilian President Lula to Act as BRICS Liaison to Help Argentina, Discusses Credit Line in Brazilian Reals
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
May 05, 2023 01:20

Brazilian President Lula to Act as BRICS Liaison to Help Argentina, Discusses Credit Line in Brazilian Reals

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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