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Russia is creating a $100 billion rival to the IMF
Russian President Vladimir Putin ratified an accord Saturday to set up a $100 billion reserve fund for the so-called BRICS — the leading emerging economies Russia, China, Brazil, India, and South Africa. Moscow is expected to contribute $18 billion to the reserve, well behind the $41 billion China has promised to pour into the fund, which was set up after an agreement signed in July in Brazil. The emerging economies also plan to form their own international bank based in Shanghai to challenge western dominance over international money markets.
originally posted by: Ultralight
a reply to: Willtell
Can you please share your source? It is my understanding the opposite is true. BG are billionaires who help to create and fund central banks, but the BIS controls the central banks, global economies, and the BG.