Local Currencies To Replace Dollar For 5 Countries' Dealings

An anonymous reader writes "Brazil, Russia, India, China and South Africa — the BRICS group of fastest growing economies — signed an agreement to use their own currencies instead of the predominant US dollar in issuing credit or grants to each other. The world does need a new financial architecture, but the BRICS by themselves are unlikely to to be able to drive that change."

Read more of this story at Slashdot.

Tina Fey Gina Philips Jamie Gunns Ananda Lewis Kate Bosworth