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Thursday, July 24, 2014

Current Events-International Economy

http://www.zerohedge.com/news/2014-07-15/brics-announce-100-billion-reserve-bypass-fed-developed-world-central-banks

https://www.bbc.com/news/business-28317555

The coalition known as BRICS, standing for BRAZIL-RUSSIA-INDIA-CHINA-SOUTH AFRICA, took an even more serious tone in its intent to move away from the dollar serving as the world's reserve currency.

"We remain disappointed and seriously concerned with the current non-implementation of the 2010 International Monetary Fund (IMF) reforms, which negatively impacts on the IMF’s legitimacy, credibility and effectiveness."

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