This could open up the green bond market to a wider investor base, including retail investors. A study1 shows that using blockchain can greatly reduce the typical denomination of green bonds. In terms of costs, there would be no difference between a USD 10 and a USD 10 million green bond on the blockchain.
Cash remittances from OFs coursed through banks for the period January to June 2014 reached $ billion, higher by 5.8 percent compared to the same period a year ago. The country’s Gross International Reserves stood at $ billion as of end-July 2014, enough to cover 11 months’ worth of imports of goods and payments of services and income.