LOS CABOS, Mexico, June 18 (Reuters) – The BRICs emerging
economies said on Monday they agreed to enhance their
contributions to the International Monetary Fund and to explore
conducting currency swaps as part of efforts to promote global
financial stability.
“The leaders discussed swap arrangements among national
currencies as well as reserve pooling,” the group said in a
statement after the leaders of Brazil, Russia, India, China and
South Africa met on the margins of the G20 summit in Los Cabos,
Mexico.
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