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BRICS summit & Future of US dollar as world reserve currency.

April 16, 2011 admin 0

The third BRICS summit of—Brazil, Russia, India, China and South Africa—has issued a communiqué declaring that the international financial crisis had “exposed the inadequacies and deficiencies of the existing international monetary system” and called for reform, based on a “broad-based international reserve currency system providing stability and certainty.” The summit Read more ………