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World Bank to Become First SDR Bond Issuer in China

The People’s Bank of China recently approved the inaugural issue of bonds denominated in SDRs (Special Drawing Rights) by the World Bank. This is the first bank to receive such approval and represents the beginning of the SDR bond market in the world’s second largest economy. In issuing the SDR bonds, the World Bank is expanding its product base as it looks to open and develop new markets. Why is this important? This new issue of SDR bonds in the Chinese market may yet be... Continue Reading