BRIC leaders call for stability of major reserve currencies

 
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Leaders of Brazil, Russia, India and China (collectively known as "BRIC") Thursday stressed the need to maintain the stability of the world's reserve currencies.

"We underline the importance of maintaining relative stability of major reserve currencies and sustainablity of fiscal policies in order to achieve a strong, long-term balanced economic growth," the leaders said in a communique issued at the end of a day-long summit in Brasilia.

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