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+ - Local Currencies To Replace Dollar

Submitted by Anonymous Coward
An anonymous reader writes "Brazil, Russia, India, China and South Africa — the BRICS group of fastest growing economies — signed an agreement to use their own currencies instead of the predominant US dollar in issuing credit or grants to each other. The world does need a new financial architecture ; but the Brics by themselves are unlikely to to be able to drive that change."
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Local Currencies To Replace Dollar

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