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.

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One Response to “Brave New Bank? BRICS moot dropping dollar, IMF”

  1. “He believes institutions like the IMF and the World Bank have outlived their uselfulness.”
    Wake me up when he gets to the BIS that oversees the IMF and World Bank as well as the Federal Reserve. Oops, he does not mention it. Just like Ron Paul. What a surprise.

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