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Local Currencies To Replace Dollar For 5 Countries' Dealings

Posted by timothy on from the small-green-pieces-of-paper dept.

An anonymous reader writes "Brazil, Russia, India, China and South Africa — the BRICS group of fastest growing economies — signed an agreement to use their own currencies instead of the predominant US dollar in issuing credit or grants to each other. The world does need a new financial architecture, but the BRICS by themselves are unlikely to be able to drive that change."

2 of 519 comments (clear)

  1. Health Blog by gskhangura · · Score: -1, Offtopic

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  2. a href="http:// www.totalhealthathome.com"Health B by gskhangura · · Score: -1, Offtopic

    Health Blog