Sarthak Hans

Green Bonds can be issued in various currencies, including both major global currencies like the U.S. Dollar (USD) and local currencies like the Indian Rupee (INR). The currency denomination of Green Bonds depends on the issuer's preferences, target investor base, and the financial markets where the bonds are issued. In practice, issuers may choose the currency based on factors such as the location of the projects being funded, the currency in which the issuer operates, and the currency preferences of potential investors. Therefore, Green Bonds can be denominated in a variety of currencies, not limited to just the U.S. Dollar or Indian Rupee.