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Monthly Archives for July, 2014

BRICS bank and Erlang's formula

Posted on: July 28th, 2014 by
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If you have been following news, you will know that the 5 BRICS nations, namely Brazil, Russia, India, Chian and South Africa, came together to form the BRICS bank. Each country contributed $10 billion to net $50 billion of initial capital. The purpose of the BRICS bank is to provide loans for infrastructure projects in the BRICS nation. You may note that all 5 BRICS Continue reading the story "BRICS bank and Erlang's formula"

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