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6) The BRICS countries are planning to create a currency pool under the Contingent Reserve Arrangement (CRA) and officially launch their New Development Bank (NDB) in the upcoming Ufa summit in Russia. Critically examine the intentions behind such a currency pool and its likely consequences.

TopicBilateral, regional and global groupings and agreements involving India and/or affecting India’s interests 

6) The BRICS countries are planning to create a currency pool under the Contingent Reserve Arrangement (CRA) and officially launch their New Development Bank (NDB) in the upcoming Ufa summit in Russia. Critically examine the intentions behind such a currency pool and its likely consequences. (200 Words)

The Hindu