Brave New Bank? BRICS moot dropping dollar, IMF
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RussiaToday on Mar 29, 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's Priya Sridhar is in New Delhi.
Earlier RT 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.