Local Currencies to Replace Dollar
BRICS, 25 Apr 2011
India Times – TRANSCEND Media Service
Brazil, Russia, India, China and South Africa – the BRICS group of fastest growing economies – Thursday [14 Apr 2011] signed an agreement to use their own currencies instead of the predominant US dollar in issuing credit or grants to each other.
The agreement, the first-of-its-kind, was signed at the 3rd BRICS summit attended by Indian Prime Minister Manmohan Singh, China’s Hu Jintao, Brazil’s Dilma Rousseff, Russia’s Dmitry Medvedev and South Africa’s Jacob Zuma.
Go to Original – indiatimes.com
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