RIAC :: Currencies,NDB,BRICS

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Barriers to de-Dollarization Within BRICS

... feasibility requirements towards a common BRICS cryptocurrency. In addition, while progress has been made in diversifying the NDB’s loan denominations to include more local currencies, with a goal of 50% project financing in the near future according to NDB’s president, the more widespread internationalization of BRICS currencies would require mature bond markets to be created in all BRICS countries to compete with western bond markets. This was initiated by the creation of BRICS Local Currency Bond Fund during the 2017 BRICS Xiamen Summit declaration : " We agree ...

01.02.2021

analytics

R6 — the Case for a New Global Currency Basket

... Position in the Middle East China, Russia, India, Brazil, and South Africa are the founding members of the New Development Bank . NDB’s 2017–2021 general strategy clearly highlights the bank’s commitment and intention to be new in three areas: 1) new ... ... The merits for accelerating and expanding the scope of NDB are not only inherent in the form of more elasticity for national currencies but also bringing Asia Pacific (China), Eurasia (Europe), India (Sub-Continent), Middle East or West Asia (Iran) Africa ...

11.09.2019

expert column

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