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.

Originally written on July 19, 2015 and last modified on July 19, 2015.

1 Comment

  1. Sujaram

    July 27, 2015 at 5:56 pm

    It’s nice it’s very use full 2 me

    Reply

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