BBC NEWS | Business | Dollar poses dilemma for Bric countries »
Posted By dissent 5 months, 2 weeks ago in NewsBrazil, Russia, India and China, collectively known as the Bric countries, are holding their first formal summit in the Russian city of Yekaterinburg.
On the agenda is the role of the dollar and its status as the world's dominant currency.
China, Russia and, to a lesser extent, Brazil have expressed a desire to see the dollar one day replaced as the world's main trading currency.
And fears that these big holders of dollar assets may be looking to switch from the US currency have unsettled financial markets and US politicians.
"Although China's call for a new reserve currency is premature, it is legitimate," says Yao Shujie, a professor of economics at the School of Contemporary Chinese Studies at the University of Nottingham.
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dissent
we live in a culture of war.
let's make it a culture of peace.
"my country is the world. and my religion is to ...
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