26.03.2012 - South Africa to back renminbi as international currency in BRICS Summit
The South African government will endorse the Chinese renminbi as the new global currency during the incoming BRICS Summit in India, media reports said Sunday. The South African government will take some steps in the BRICS Summit to challenge the US dollar's supremacy in the world financial structure, especially in the trade and investment in the emerging markets, reported Xinhua, citing the South African Sunday newspaper City Press...............................................Full Article: Source
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