BRICS establishes $ 100 billion pool of international reserves

10:27, 08 July 2015

Economy

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The five major emerging national economies, known by the acronym BRICS, signed an agreement to create a $ 100 billion pool of foreign- exchange reserves to help each other in case of any problems with dollar liquidity, Russian newspaper Gazeta.ru reported with reference to Russian Central Bank.

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BRICS establishes $ 100 billion pool of international reserves

The five major emerging national economies, known by the acronym BRICS, signed an agreement to create a $ 100 billion pool of foreign- exchange reserves to help each other in case of any problems with dollar liquidity, Russian newspaper Gazeta.ru reported with reference to Russian Central Bank.

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