Thursday, March 29, 2012

BRICS sign two currency pacts, to set up joint bank | ummid.com

BRICS sign two currency pacts, to set up joint bank | ummid.com
The BRICS grouping of five emerging economic powerhouses - Brazil, Russia, India, China and South Africa - Thursday signed two pacts to spur trade in their local currencies and agreed on a joint working group to set up a development bank that will raise their economic weight globally.