NDB :Opening capital & CRA - Diplomacy and International relations

Q.  Which of the following statements is / are correct?

1. The NDB has subscribed opening capital of $50 billion shared equally among its members.
2. CRA has an opening capacity of $100 billion, which will be based on currency swap among member countries.
- Published on 10 Jul 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both
 
The NDB has an authorized opening capital of U.S.$100 billion, with the founding members sharing the subscribed opening capital of $50 billion equally. The proposed CRA has an opening capacity of $100 billion, which will be based on currency swap among member countries. The CRA is primarily intended as a buffer to overcome short-term liquidity pressure Eurasian Economic Union and meet unexpected risks or balance of payment burdens.

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