Series Title | EurActiv |
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Series Details | 02.04.13 |
Publication Date | 02/04/2013 |
Content Type | News |
The grouping of the emerging economies – Brazil, Russia, India, China and South Africa (BRICS) – are cutting their foreign currency reserves in euro, having sold €45 billion of the currency in 2012, according to data gathered by the International Monetary Fund. Leaders of the BRICS nations met at a financial summit in Durban, South Africa from 26-28 March 2013. Officially, the central theme of the meeting was “BRICS and Africa: Partnership for Development, Integration and Industrialisation”. The Russian TV channel RT reported that the ‘big five’ of the developing world agreed to create their own version of the World Bank. |
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Source Link | http://www.euractiv.com/euro-finance/brics-countries-dump-euro-establ-news-518825 |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |
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