Which country is the biggest contributor to recently agreed BRICS currency reserve pool?

Which country is the biggest contributor to recently agreed BRICS currency reserve pool?
[A]India
[B]Russia
[C]China
[D]Brazil

China
The Central banks of BRICS countries have signed an operating agreement on the $100 billion currency reserve pool to protect BRICS member states from currency volatility shocks. China will make the biggest contribution to the pool: $41 billion. Russia, Brazil and India will donate $18 billion each, while South Africa’s investment will be $5 billion. The goal of the pool is to give BRICS member states opportunity to provide each other financial assistance in case of problems with their balance of payments.

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This question "Which country is the biggest contributor to recently agreed BRICS currency reserve pool?" was published on GKToday on July 19, 2015 at 3:12 pm. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

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