Egypt highly values its participation in BRICS and is focused on increasing the use of national currencies for mutual settlements and trade. This was stated by Egyptian Foreign Minister Badr Abdelatty during a briefing in New Delhi.
"BRICS is a highly significant economic group, and we are proud to be a part of it and to contribute," he said. "We aim to bring value, especially by promoting the use of national currencies in commercial transactions and through our cooperation with the New Development Bank in Shanghai."
The minister added that during his visit to New Delhi, he held detailed discussions on BRICS with his Indian counterpart, Subrahmanyam Jaishankar, as India is set to assume the group's chairship next year.
"We exchanged many ideas on how to revitalise #BRICS and deliver concrete outcomes, particularly in areas like artificial intelligence and new opportunities for youth startups," Abdelatty noted.
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