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Russia, China, others urge diverse monetary system
2009-06-16
YEKATERINBURG, Russia - Brazil, Russia, India and China say the world needs a more diversified international monetary system. The four so-called BRIC nations are concluding their first summit with a final statement calling for the reform of global financial institutions to reflect changes in world economy. They said Tuesday there is a strong need for a stable, predictable and more diversified global monetary system and urged support for a more democratic and just "multipolar" world order. There was no explicit mention of the U.S. dollar or the United States in the statement.
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