Minsk protests against Ukraine's forced return to Kiev of Belavia planeWorld October 22, 14:05
Russian Foreign Ministry: Militants in Aleppo fail assistance delivery, civilians outflowsRussian Politics & Diplomacy October 22, 14:03
Kremlin: Syria’s breakup may become catastrophe for the regionRussian Politics & Diplomacy October 22, 14:00
Kremlin: Common language at Normandy Four talks is not oftenRussian Politics & Diplomacy October 22, 13:56
Kremlin: Extending humanitarian pause in Aleppo is Putin’s independent decisionRussian Politics & Diplomacy October 22, 13:50
Putin offered condolences to families of victims in Mi-8 crash in YamalSociety & Culture October 22, 11:20
Production of Russian flu vaccines in Nicaragua may start on October 22Society & Culture October 22, 7:44
Mascot of 2018 World Cup should be remembered like Olympic Mishka, Mutko saysSport October 22, 6:31
Nineteen people killed, 3 injured in helicopter crash landing in Russia's YamalSociety & Culture October 22, 5:00
MOSCOW, September 4. /TASS/. Meetings of the Council of Governors and the Standing Committee that were held in Ankara on Friday marked the beginning of operations of the BRICS pool of currency reserves, the press service of the Central Bank of Russia said.
"The first sessions of the pool’s governing agencies mark the start of a full-scale functioning of the pool of BRICS currency reserves as an international institute aiming its activity at consolidation and strengthening of cooperation (among the member-states - TASS)," the CBR said.
The agreement on the pool of equivalent currency reserves took effect on July 30, 2015. The total reserves committed by Brazil, Russia, India, China, and the South African Republic stand at $100 billion.
Each Central Bank reserves a definite sum of money as a lifeline for emergency situations that may be caused, in part, by a strong outflow of monies. Thus the setting up of this mechanism is pursues of the goal of maintaining financial stability in the member-states.
The breakdown of the reserves committed by the five countries looks as follows:
China, the owner of the world’s biggest gold/forex reserves $ 41 billion,
Brazil, India and Russia $ 18 billion each,
South Africa $ 5 billion.