The BRICS New Development Bank has issued its first ______ denominated bonds. A) Uridashi B) Yuan C) Masala D) Rupee E) None of these

The BRICS New Development Bank has issued its first ______ denominated bonds. A) Uridashi B) Yuan C) Masala D) Rupee E) None of these
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B) Yuan Explanation: The New Development Bank (NDB) of the BRICS countries is set to issue its first yuandenominated bonds with plans to release more bonds in local currencies including in Indian Rupee The bank‘s first five-year yuan-denominated bonds, also referred as green bonds, will be issued after receiving a rating from international ratings agencies as well as getting authorities‘ approval
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