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Brave New Bank? BRICS moot dropping dollar, IMF

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RT
March 30, 2012

The BRICS summit has wrapped up in India. Creating an alternative global lender and stepping away from the dollar as a reserve currency were among their main objectives. RT also spoke to Dr Sreeram Chaulia, who is a Vice Dean at the Jindal School of International Affairs. He believes institutions like the IMF and the World Bank have outlived their uselfulness.

This article was posted: Friday, March 30, 2012 at 3:00 am





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