New Development Bank's Maasdorp on BRICS Plan

The video discusses the New Development Bank, founded by BRICS countries, focusing on its expansion, challenges, and strategic goals. It highlights the bank's aim to increase membership and capital, emphasizing local currency financing and green finance. The discussion also covers the potential for digital currency and de-dollarization, while acknowledging the complexities of global currency dynamics.

What was the primary goal of establishing the New Development Bank by BRICS countries?

• To focus on digital currencies

• To compete with the World Bank

• To support emerging markets

• To create a new global currency

Which factor affects the speed of a country's membership process in the New Development Bank?

• The country's GDP

• The country's legislative processes

• The country's population size

• The country's currency strength

What percentage of the bank's lending is aimed to be in local currency?

• 40%

• 30%

• 20%

• 10%

What is one of the key focuses of the New Development Bank in terms of project financing?

• Expanding into developed markets

• Building new headquarters

• Financing in local currency

• Investing in cryptocurrency

What is the current anchor currency of the New Development Bank?

• Chinese Renminbi

• Euro

• Japanese Yen

• U.S. Dollar

What is the long-term aspiration of BRICS countries regarding currency use?

• To create a single BRICS currency

• To increase the use of local currencies

• To adopt the Euro as a common currency

• To eliminate all foreign currencies

Which currency joined the Special Drawing Rights in 2016?

• Indian Rupee

• Brazilian Real

• Chinese Renminbi

• South African Rand