Tuesday, June 16, 2009

The focus of the currency markets of BRIC meeting

Brazil, Russia, India and China are considering the purchase of bonds from each other and currency swaps to reduce dependence on the dollar. Most so-called BRIC countries today to discuss ways to promote regional currencies, including the deployment of reserves in financial instruments of the block. The total amount of foreign exchange reserves of BRIC countries reached 2.8 trillion. dollars. They are the largest holders of state. United States bonds. First BRIC summit held in Yekaterinburg, after Brazil, China and Russia have announced plans to transfer part of the reserves in bonds of the International Monetary Fund.

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