WB Plans SDR Bonds in China
World Economy

WB Plans SDR Bonds in China

The World Bank is planning to sell bonds in China denominated in the International Monetary Fund’s Special Drawing Rights, people familiar with the matter said, Bloomberg reported. The offering would be in China’s interbank note market, according to the people, who asked not to be identified. Issuance of the securities may be as soon as next month, one of the people said. They would be the first in SDR from the lender. President Xi Jinping’s efforts to promote the yuan’s international usage culminated last year when the IMF added it to its benchmark basket of reserve currencies, making it part of the SDR effective October 1, 2016.

Short URL : http://goo.gl/PjT6Cc
  1. http://goo.gl/fh1CCf
  • http://goo.gl/k3f6Os
  • http://goo.gl/sRY76V
  • http://goo.gl/4mqo1K
  • http://goo.gl/yVu3O1

You can also read ...

Both, Russia and China, have intensified efforts in recent years to settle bilateral trade not in US dollars, but in rubles and yuan. Gold is considered important by both countries.
The issue of when a global reserve currency begins or ends is...
Norway’s Sovereign Wealth Fund  Hits $1 Trillion
The Norwegian sovereign wealth fund, the largest in the world...
Janet Yellen
As the Fed starts unwinding the stimulus it provided to snap...
The IMF could write off its debt and lighten Greece’s burden.
“Beware of Greeks bearing gifts,” wrote the ancient Roman poet...
Multinational digital firms, mostly based in the US, have pushed for globally harmonized rules that would provide predictability and limit the space for national governments to intervene in digital flows.
The increasing digitization of the global economy is changing...
Ukraine Raises $3b in First Bond issue
Ukraine has raised $3 billion in its first sovereign bond...
Kazakh Economy Grows by 4.3%
The economic growth in Kazakhstan was at 4.3% since the...
Hungary CB Rate on Hold
The Monetary Council of the National Bank of Hungary, or MNB,...