The Biggest Monetary Transformation Since WWII
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The Biggest Monetary Transformation Since WWII

In one of the most closely followed bond issues in recent history, overnight the International Bank for Reconstruction and Development (IBRD), one of the five member-institutions of the World Bank Group, sold 500 million SDR-denominated three-year bonds carrying a coupon of 0.49% at an auction in China’s interbank market on Wednesday. This was the first […]