The Chinese currency will be issued the first loan, the president of CBB Kundapur Vanman Kamaht
He also said that the first credit will be issued no earlier than 2016. Russia, India, China, South Africa and Brazil have agreed in writing to create a single bank. This was back in 2014. It is known that the NBI will provide funds for infrastructure projects in the BRICS countries.
The company’s headquarters is located in Shanghai BRICS.
The activity of the bank will start with capital of 100 billion dollars. Of these, 2 billion – Russia’s share capital.
Earlier, Minister of Economic Development Minister Alexei Ulyukayev said that the government has prepared a number of projects that could receive funding from the Bank of BRICS.
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