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BRICS bank kissed USD$ goodbye! Issued RMB$ Bonds instead!

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https://www.rt.com/business/452897-brics-bank-bonds-china/



BRICS bank issues 3 billion-worth of yuan-denominated bonds in China
Published time: 3 Mar, 2019 06:16
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The Shanghai-based BRICS’ New Development Bank (NDB) which provides funding for infrastructure and sustainable development projects in emerging economies has issued yuan-denominated bonds, according to China Knowledge Press.
The bonds were issued in two tranches with maturities of three years and five years and coupon rates of between 2.9 percent to 3.5 percent, and 3.2 percent to 3.8 percent respectively.
Also on rt.com BRICS bank to finance new projects in Russia & India
It’s the bank’s second issuance of yuan-denominated bonds in China after it issued 3 billion yuan worth of green financing bonds in 2016 with a five-year term.
The bank said it aims to continue issuing financial products denominated in the local currencies of its member nations – China, Russia, Brazil, India, and South Africa.
In September, the NDB approved three infrastructure and sustainable development projects in India and Russia with loans aggregating US$825 million.
Also on rt.com First BRICS bank bond sale to fund green projects
The NDB was established in 2014 and formally opened for business a year later. The bank’s capital is up to $100 billion and it says all members of the United Nations can join it. However, BRICS nations can never have less than 55 percent of the voting power.
For more stories on economy & finance visit RT's business section
 
Here it is! BRICS Bank's BRICS Pay to kill Chow Ang Moh Bankrupted Beggars'Visa Master AMEX & JCB cards, new Trade War, Currency War, Economic War! Huat!




http://www.sohu.com/a/298835937_114911




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统一“钱包”?金砖国家在行动——

2019-03-04 00:36 手机

参考消息网3月4日报道俄罗斯《消息报》从俄罗斯直接投资基金处获悉,金砖国家(中国、巴西、印度、俄罗斯、南非——本网注)正在开发统一支付系统BRICS Pay(金砖国家支付)。该基金为金砖国家工商理事会金融服务工作小组协调者。那里的消息人士补充道,准备考虑参与平台融资。

工作小组的另一名参与者、俄罗斯银行协会副主席奥列格·普列克辛透露,一个可能的项目实施方案是——推出专门的在线钱包,将所有金砖成员国的支付系统整合在一起。借助安装在智能手机上的移动应用,将可以在任何金砖国家进行购买支付,无论顾客账户里存放的是哪种货币。专家认为,落实该项目将有助于降低对跨国支付系统的依赖,这在地缘政治局势日益紧张的背景下显得尤为迫切。

据俄罗斯《消息报》3月1日报道,金砖国家工商理事会主席、俄联邦工商会主席谢尔盖·卡特林表示,在2月19日举行的俄方理事会会议上,讨论了开发新的金砖国家国际支付系统的问题。俄方理事会成员包括俄联邦工商会、对外经济银行、俄罗斯直接投资基金、俄罗斯铁路公司和俄罗斯技术公司的领导。

俄罗斯央行新闻处向《消息报》透露,正在发展统一支付空间框架下,包括在实现国家支付卡系统一体化方面,与欧亚经济联盟、金砖和上合组织国家监管部门进行协作。但推出统一在线钱包的问题目前尚未讨论。财政部表示,该部没有收到这样的倡议。国家支付卡系统则称,关于整合支付系统的讨论正在进行中,但推出统一在线钱包事宜还未商讨。金砖国家总部对于支付系统一体化的问题则未予答复。

报道称,俄对外经济银行新闻处证实,推出在线钱包的话题在金砖国家工商理事会俄方理事会会议上得到了探讨。它引起了与会者的兴趣,后者一致认为,这个问题需要仔细研究。但俄罗斯发展研究所强调,现在说对外经济银行将在这个问题中发挥某种作用为时尚早。

据报道,该计划仅仅把电子结算手段用于欧亚联盟框架下的贸易。俄罗斯工业家和企业家联盟副主席亚历山大·穆雷切夫指出,该组织积极看待伙伴国家支付系统的一体化。结算系统将有助于大幅降低对跨国支付机构的依赖。在地缘政治局势日益紧张的背景下,这显得尤为迫切。

非盈利性机构国家支付理事会主席阿尔玛·奥巴耶娃补充道,由于不同支付系统统一服务的出现,遏制伙伴国公民间零售业发展的障碍将大大减少。为联盟建立统一的超国家数字支付手段是合理之举,这会进一步简化相互结算机制。

报道介绍称,除南非之外的所有金砖国家都有自己的国家支付系统。它们是巴西的ELO、俄罗斯的“和平”、印度的RuPay和中国的银联。根据该组织网站官方数据,巴西的支付系统发行了1.2亿张国家支付卡,俄罗斯——5000万张,印度——5亿张,中国超过60亿张。

穆雷切夫说,不光对金砖国家来讲,对欧亚经济联盟而言,整合支付系统都是迫切任务。建立联盟统一支付空间是工业家和企业家联盟2019年的优先方向之一。欧亚经济委员会咨询理事会最近一次会议记录显示,该理事会将讨论联盟国家支付系统的对接问题。白俄罗斯支付系统白俄罗斯卡和俄罗斯“和平”卡运营商2月签署协议,使得今年就能在两国境内用这两种卡进行结算。俄国家支付卡公司总裁弗拉基米尔·科姆列夫透露,吉尔吉斯斯坦、哈萨克斯坦和塔吉克斯坦也将开始接受“和平”卡付款。

报道指出,在大公司和跨境结算层面防范可能的制裁也迫在眉睫。例如,据《消息报》此前报道,打算在欧亚经济联盟内推广统一货币。俄国家支付理事会提出的相关建议得到了财政部的支持。根据构想,这种货币将很像欧元的前身埃居(ECU)。主要区别在于,欧亚经济联盟的货币单位可能仅限于在联盟成员之间的互相清算业务中使用,不会发展为传统货币。

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Unify the "wallet"? The BRICS are in action -
2019-03-04 00:36
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Reference News Network reported on March 4 that the Russian "News" learned from the Russian Direct Investment Fund that the BRICS countries (China, Brazil, India, Russia, South Africa - this net note) are developing a unified payment system BRICS Pay (bricks) State payment). The fund is the coordinator of the Financial Services Working Group of the BRICS Business Council. Sources there added that they are ready to consider participating in platform financing.

Another participant in the working group, Oleg Pleixin, vice chairman of the Russian Banking Association, revealed that one possible project implementation plan was to launch a dedicated online wallet that would integrate all BRICS member payment systems. together. With the mobile app installed on your smartphone, you can make purchase payments in any BRICS country, regardless of the currency in your customer account. Experts believe that the implementation of the project will help reduce dependence on transnational payment systems, which is particularly urgent in the context of growing geopolitical tensions.

According to a report by the Russian newspaper "Marching" on March 1, Sherge Carterin, chairman of the BRICS Business Council and president of the Russian Federation Chamber of Commerce and Industry, said that at the Russian Council meeting held on February 19th, development was discussed. The issue of the new BRICS international payment system. The Russian Council members include the leaders of the Russian Federation Chamber of Commerce and Industry, the Foreign Economic Bank, the Russian Direct Investment Fund, the Russian Railway Corporation and the Russian Technology Corporation.

The Information Office of the Russian Central Bank disclosed to the "News" that it is developing a unified payment space framework, including cooperation with the Eurasian Economic Union, the BRICS and the SCO national regulatory authorities in the realization of the integration of the national payment card system. But the issue of launching a unified online wallet has not yet been discussed. The Ministry of Finance stated that the Ministry did not receive such an initiative. The National Payment Card System stated that discussions on integrated payment systems are underway, but the launch of a unified online wallet has not been discussed. The BRICS Headquarters did not respond to the issue of the integration of payment systems.

According to the report, the Press Office of the Russian Foreign Economic Bank confirmed that the topic of launching online wallets was discussed at the meeting of the Russian Council of the BRICS Business Council. It aroused the interest of the participants, who agreed that the issue needed to be studied carefully. However, the Russian Development Institute stressed that it is too early to say that the Foreign Economic Bank will play a role in this issue.

According to reports, the plan only uses electronic settlement methods for trade under the framework of the Eurasian Union. Alexander Murechev, vice-chairman of the Russian Federation of Industrialists and Entrepreneurs, pointed out that the organization is actively looking at the integration of payment systems in partner countries. The settlement system will help to significantly reduce reliance on multinational payment institutions. This is particularly urgent in the context of the growing geopolitical situation.

Alma Obayeva, chairman of the National Payments Council of the non-profit organization, added that the barriers to the development of the retail industry among partner countries will be greatly reduced due to the emergence of unified services for different payment systems. It is reasonable to establish a unified super-national digital payment method for the alliance, which will further simplify the mutual settlement mechanism.

According to the report, all BRICS countries except South Africa have their own national payment system. They are ELO in Brazil, "peace" in Russia, RuPay in India and UnionPay in China. According to the official website of the organization's website, Brazil's payment system issued 120 million national payment cards, Russia - 50 million, India - 500 million, China more than 6 billion.

Muretchev said that not only for the BRICS countries, for the Eurasian Economic Union, the integrated payment system is an urgent task. Establishing a unified payment space for the Union is one of the priority directions of the Union of Industrialists and Entrepreneurs in 2019. The recent meeting of the Advisory Committee of the Eurasian Economic Commission showed that the council would discuss the docking of the federal national payment system. The Belarusian payment system Belarus Card and the Russian “Peace” card operator signed an agreement in February, which will enable settlement of these two types of cards in both countries this year. Vladimir Komllev, president of the Russian national payment card company, revealed that Kyrgyzstan, Kazakhstan and Tajikistan will also begin accepting "peace" card payments.

The report pointed out that it is also urgent to prevent possible sanctions at the level of large companies and cross-border settlement. For example, according to the "News" previously reported, it intends to promote the unified currency within the Eurasian Economic Union. The relevant recommendations made by the Russian National Payments Council were supported by the Ministry of Finance. According to the idea, this currency will be very similar to the predecessor of the euro, the ECU. The main difference is that the currency unit of the Eurasian Economic Union may be limited to use in the mutual liquidation business between alliance members and will not develop into a traditional currency.
 
There are about 45 million unsold leasehold flats in china. I would think xi jinping would try and save his economy first rather than brics.
 
There are about 45 million unsold leasehold flats in china. I would think xi jinping would try and save his economy first rather than brics.


China can afford to have 4.5 billion unsold houses. And still cannot feel much burden. Building and land are inexpensive. In most good economy cities, can sell one and earn four, and billions are sold. Many non-Chinese people from elsewhere came and buy plenty. Nobody will worry about unsold houses. PLA can use them as bombs shelling and missile targets. = Cheap.
 
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