Mon, Dec 29, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies, Fund Profile more

BRICS political currency fund

Posted on 15 November 2012

The BRICS countries are due to establish a joint currency fund. A formal decision has been made because this reserve is necessary in case of another economic crisis.
Now Brazil, Russia, India, China and South Africa are discussing concrete parameters and conditions of accumulating currency reserves. The size of the fund has also been determined. It is to be $240bln. However, the establishment of the mechanism of mutual lending has an important political aspect as well, say experts……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 38584 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031