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Posts Tagged ‘panda bonds’

BRIC group plans own revolution

Posted by seumasach on June 16, 2009

W.Joseph Stroupe

Asia Times

17th June, 2009

Russia announced on June 10 that it will purchase US$10 billion of the new SDR-denominated International Monetary Fund bonds. It also announced that it will further diversify its $140 billion of US dollar holdings. Brazil will also buy $10 billion worth of the new bonds, and China will buy $50 billion of the new bonds. India will likely announce its own purchases very soon.
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