Brave New Bank? BRICS moot dropping dollar, IMF

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.

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