New Development Bank

Iran Warns BRICS of ‘Big Threat’ From Western Payment Systems, Vows to End Dependence

October 24, 2024 Bitcoin.com

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Iran has called for BRICS nations to reduce their reliance on Western financial systems, warning of the risks posed by such dependence. Addressing the BRICS summit in Russia, Iran’s president urged the bloc to explore alternative structures and strengthen institutions like the New Development Bank to support new members. He reaffirmed Iran’s commitment to reshaping […]

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BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor

October 17, 2024 Bitcoin.com

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A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed the introduction of Zimbabwe Gold (ZiG), a currency backed by mineral wealth, […]

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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

BRICS Ministers Say Rebalancing of Global Order Underway, Call Group a ‘Symbol of Change’: Report

June 12, 2023 The Daily Hodl

brics

The top figureheads of the BRICS alliance say that the coalition represents a complete reconfiguration of global order as the old world fades away. The foreign ministers of BRICS, which currently represents the countries of Brazil, Russia, Iran, China and South Africa, just met in Cape Town for a summit. According to a report from […]

The post BRICS Ministers Say Rebalancing of Global Order Underway, Call Group a ‘Symbol of Change’: Report appeared first on The Daily Hodl.

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

May 5, 2023 Bitcoin.com

Alberto Fernandez

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 […]

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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

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

April 22, 2023 Bitcoin.com

bank

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 […]

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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

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

April 13, 2023 Bitcoin.com

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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 […]

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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Report: Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Join BRICS Bank

February 3, 2023 Bitcoin.com

bitcoin.com

Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable it to preserve its forex reserves. Joining BRICS Following the […]

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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote