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What will be the impact on BRICS de-dollarisation efforts after China's bond issuance by June 30, 2025?
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Resolution / Starting Odds
Accelerates efforts • 25%
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Reports from BRICS meetings or major financial news analyses
Story
China to Issue $2 Billion in Dollar Bonds in Saudi Arabia for First Time Since 2021
Nov 5, 2024, 08:58 AM
China's Ministry of Finance announced plans to issue up to $2 billion in US dollar-denominated sovereign bonds in Riyadh, Saudi Arabia, during the week of November 11. This marks China's first dollar bond issuance since 2021, following a euro-denominated debt sale in September. The move is expected to boost overseas market confidence and deepen financial ties between China and Saudi Arabia. The bond sale comes as part of broader efforts to strengthen economic relations between the two nations. The issuance is also seen in the context of the BRICS de-dollarisation efforts.
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