Currency Reserve Pool

This tag is associated with 2 posts

India, Pakistan Upgraded To Members Of The Shanghai Cooperation Organization (SCO)

Posted by EM_Equity ⋅ July 10, 2015 ⋅ 1 Comment

The Shanghai Cooperation Organization (SCO) has decided to upgrade India and Pakistan to full members of the regional security bloc led by China and Russia. The Shanghai Cooperation Organization (SCO) has decided to upgrade India and Pakistan to full members of the regional security bloc led by China and Russia. The SCO said that the invitation to the two Asian nations brings forth the evolution of … Continue reading →

BRICS Launch New $100 Billion Bank, Sign Agreement On $100 Billion Currency Reserve Pool

Posted by EM_Equity ⋅ July 8, 2015 ⋅ 4 Comments

The BRICS grouping of emerging market nations — Brazil, Russia, India, China, and South Africa — have launched their $100 billion New Development Bank (NDB) — also known as the BRICS bank — and have signed an agreement on their $100 billion currency reserve pool — also known as the Contingent Reserve Arrangement (CRA) — ahead of the summit of SCO and BRICS being held in the Russian … Continue reading →