VISION

VISION
WHERE THERE IS NO VISION THERE IS NO FUTURE!

Thursday, June 23, 2011

World’s Five Major Economies (BRICS) Dumped the US Dollar

World’s Five Major Economies (BRICS) Dumped the US Dollar

Hamsayeh.Net - BRICS countries have finally decided to dump US dollar in their trades and instead issue credit lines in local currencies after a meeting in Beijing - China, this week.

The move represents a major set back for the US and its Western allies since BRICS countries hold over 40 percent of the world’s currency reserves. BRICS, a major trade pact among Brazil, Russia, India, China and South Africa directly competes with similar Western alliances.

No comments:

Post a Comment

Blog Archive