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BRICS pondering their own development bank

April 3rd, 2012 11 comments

At the latest BRICS Summit in New Delhi, the member nations have announced plans to evaluate forming their own development bank. Currency swaps between them are under way, and in fact, Russia and China are already settling bilateral trade in Rubles and RMB’s. Below is Andrew Gavin Marshall weighing in on this development on Russia Today, with commentary about the lack of coverage in the Western press on this topic:

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