Russia, Brazil to Buy $20 Billion IMF Bonds, Diversify Reserves

11/06/2009 § Leave a comment

 

Russia and Brazil, seeking to reduce their dependence on the dollar, announced plans to buy $20 billion of bonds from the International Monetary Fund and diversify foreign-currency reserves.

“The bigger picture is people are worried there are too many Treasuries, and that no one is even making a pretense of getting the fiscal deficit under control,” said Francis Beddington

Russia, Brazil to Buy $20 Billion IMF Bonds, Diversify Reserves – Bloomberg.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading Russia, Brazil to Buy $20 Billion IMF Bonds, Diversify Reserves at GET OUT WHILE YOU STILL CAN!!.

meta

%d bloggers like this: