The Asian Infrastructure Investment Bank and the New Development Bank have agreed to proposals for loans in Japanese Yen, Chinese Yuan, or Euro. In response to high interest rates, the government has decided to secure loans in currencies other than the US dollar from the Asian Infrastructure Investment Bank (AIIB), which has agreed to this proposal. Similarly, the New Development Bank (NDB) now offers the opportunity to take loans in three other currencies besides the US dollar. This move will allow the government to take loans in Japanese Yen, Chinese Yuan, or Euro to avoid the high interest rates associated with the Secured Overnight Financing Rate (SOFR) in the US dollar, as reported by the Economic Relations Division (ERD).

The Asian Infrastructure Investment Bank and the New Development Bank have agreed to proposals for loans in Japanese Yen, Chinese Yuan, or Euro. In response to high interest rates, the government has decided to secure loans in currencies other than the US dollar from the Asian Infrastructure Investment Bank (AIIB), which has agreed to this proposal. Similarly, the New Development Bank (NDB) now offers the opportunity to take loans in three other currencies besides the US dollar. This move will allow the government to take loans in Japanese Yen, Chinese Yuan, or Euro to avoid the high interest rates associated with the Secured Overnight Financing Rate (SOFR) in the US dollar, as reported by the Economic Relations Division (ERD).