🚀 Putin States BRICS Unified Currency Not Yet Mature
#Putin #BRICS #UnifiedCurrency #NewDevelopmentBank #Integration
According to Odaily, Russian President Vladimir Putin has indicated that the concept of a unified currency for BRICS nations is not yet mature. He emphasized the need for gradual steps towards this goal and highlighted the importance of strengthening the New Development Bank of BRICS. Putin noted that achieving a unified currency would require a high level of integration among the member countries.#Putin #BRICS #UnifiedCurrency #NewDevelopmentBank #Integration
🚀 BRICS Bank Highlights Cost-Effectiveness of Chinese Bond Market for Yuan Loans
#BRICS #NewDevelopmentBank #ChineseBondMarket #YuanLoans #CostEffectiveness #DevelopingCountries #InfrastructureLoans #CurrencyDiversification
Zhongxia Jin from the BRICS-led New Development Bank emphasized the Chinese bond market as a highly cost-effective funding source globally. According to NS3.AI, this market supports yuan-denominated loans aimed at assisting developing countries. Since 2022, the bank has transitioned from U.S. dollar lending to the yuan and also utilizes the Indian rupee, Russian ruble, and South African rand for infrastructure loan disbursement.#BRICS #NewDevelopmentBank #ChineseBondMarket #YuanLoans #CostEffectiveness #DevelopingCountries #InfrastructureLoans #CurrencyDiversification