BRICs Discuss Alternative to Dollar

By Marcela Canavarro, Contributing Reporter

RIO DE JANEIRO - The emerging economies of BRIC - Brazil, Russia, India and China - have met at an official summit in an attempt to increase their influence in a world in transition. A key topic was the urgency to find an alternative to the US Dollar as international currency.

The BRICs produce 15% of the world's gross domestic product (GDP) and have more than 40% of the global population. They continued a pattern of economic growth in 2008 and now hold 40% of international currency and gold reserves.

The meeting, held in Russia last week . . .

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