Russia

NDB of the BRICS countries is set to issue its first yuan-denominated bonds

On: June 20, 2016

The New Development Bank (NDB) of the BRICS countries is set to issue its first yuan-denominated bonds to finance sustainable development projects. The NDB’s first five-year yuan-denominated bonds (or green bonds) will be issued after receiving a rating from international ratings agencies as well as getting authorities’ approval. Further, theContinue Reading

China, holder of the world’s largest foreign exchange reserves

By: gktoday

On: November 11, 2013

In: Current Affairs Club

With: 0 Comments

BRICS decided to to set up a $100 billion fund to steady currency markets! The BRICS emerging economies will set up a $100 billion fund to steady currency markets, but it looks unlikely to be in place soon enough to temper the effects of an expected pullback of US monetaryContinue Reading

G20 summit.World leaders arrive in St Petersburg ,Russia

By: gktoday

On: September 5, 2013

In: Current Affairs Quiz for the day, Current Affairs Today

With: 0 Comments

World leaders have begun arriving in St Petersburg, ahead of this weekend’s G20 summit. The 7th summit of the G20 leaders is being held at the city’s Constantine Palace and security around it is tight. The main topic of discussion, although not on the summit agenda, is sure to beContinue Reading

derar readers

news

knowlegde