Archive | August 28, 2013

BRICS nations close to consensus on $100 billion forex reserve fund

August 28, 2013


BRICS close to consensus on $100b forex reserve fund Global Times Major emerging countries, known as the BRICS group of nations, are close to reaching a consensus on creating a $100 billion foreign currency reserve fund to help ease short-term liquidity pressure and safeguard financial stability, a senior Chinese central bank official said Tuesday. Meanwhile, […]

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