BRICS will try calming volatile 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.

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