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Tag Archives: Chen Zhu

BRICS countries come close to establishing reserve bank

Posted by aurelius77 on August 29, 2013

The BRICS member-countries have come close to establishing a reserve bank which will operate as a stabilization fund, Chinese Finance Minister Chen Zhu Guangyao said. Should such a fund be set up, it will prove helpful in restricting the dollar’s influence on the developing countries’ economies, experts say. Continue reading →

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1 Comment Posted in Axis Powers, Brazil, BRICS, Business & Economics, China, Currencies, Economic Warfare, India, National Security & Terrorism, Politics, Soviet Union, US Dollar, USA Tagged Association of Russian Banks, banking mechanism, Brazil, Brazilian real, BRICS, BRICS Business Council, BRICS countries come close to establishing reserve bank, BRICS Group, Business & Economics, Centre of Development, Chen Zhu, Chen Zhu Guangyao, China, Chinese financial system, developing economies, ecb, economic warfare, European Central Bank, Federal Reserve System, Garegin Tosunyan, hard currency interventions, Higher School of Economics, India, International Monetary Fund, national currency, politics, QE, quantitative easing, Real, russia, South Africa, stabilization fund, US Dollar, US Federal Reserve System, USD, Valery Mironov, Voice of Russia, WB, World Bank

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