THE collapse of the British pound and its replacement by US Dollar was not by chance but by force considering that the USA and USSR were the major forces about seven decades back and as an aftermath of the waning influence of Britian in world affairs.

In 1971, the master

INDIA and Brazil, both are original founder members of the BRIC grouping that subsequently became BRICS with the addition of South Africa and currently comprises Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, South Africa and UAE as full members. (BRICS+). Many see the grouping as a counter weight to