Bric nations call for more diverse monetary system
Brazil, Russia, India and China said today that the world needed a more diversified international monetary system.
The four so-called Bric nations are concluding their first summit, in Russia, with a final statement calling for the reform of global financial institutions to reflect changes in world economy.
They said there was a strong need for a stable, predictable and more diversified global monetary system and urged support for a more democratic and just “multipolar” world order.
There was no explicit mention of the US dollar or the US in the statement.
