BRICS create new Development Bank as well as a $100 billion foreign currency reserves pool

By Helmo Preuss | The BRICS Post | July 15, 2014 Fortaleza, Brazil – After some tough rounds of negotiations, BRICS nations (Brazil, Russia, India, China and South Africa) have created not only a new $100 billion Development Bank, but also a $100 billion foreign currency reserves pool. The announcement was made after a plenary […]