Wednesday, March 28, 2012

BRICS to ink currency pacts, to push joint bank | ummid.com

BRICS to ink currency pacts, to push joint bank | ummid.com
The BRICS grouping of five emerging economic powerhouses - Brazil, Russia, India, China and South Africa - Thursday will sign two pacts to promote trade in their local currencies and are expected to endorse plans for a joint development bank that will raise their economic heft in the global system.