Saint-Petersburg, 06/09/2013 (Agence Europe) - Given their concern about the volatility of the exchange markets, the so-called BRICS countries (Brazil, Russia, India, China and South Africa) made a decision on Thursday 5 December to set up a $100 billion fund to shore up the currencies of some of their members.
Chinese Deputy Minister for Finance Zhu Guangyao, declared that “the reserve amount available will be $100 billion and China will assume the lion's share of it”. According to a...