BRICS will try calming volatile currency markets

BRIC economies plan to contribute $100 billion to a fund to help stabilize currency markets.

By Staff | September 5, 2013 | Last updated on September 5, 2013

1 min read

In a recent statement, Russian President Vladimir Putin said BRIC economies plan to contribute $100 billion to a fund to help stabilize currency markets, reports Reuters.

It adds emerging economies are worried about how the tapering of U.S. quantitative easing will affect their currencies.

Also read: India won’t tighten foreign investment rules

Chinese officials pushed to cut extravagant spending

No new BRICS, say experts

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.