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RIYADH: In a bid to boost commerce and financial cooperation, Egypt has formally utilized to affix the five-member BRICS bloc of rising economies, in line with Georgy Borizenko, the Russian ambassador to Cairo.
The BRICS group contains Brazil, Russia, India, China and South Africa.
“Egypt has utilized to affix the BRICS group as a result of one of many initiatives that BRICS is at present engaged in is the utmost switch of commerce to different currencies, whether or not nationwide or the creation of some sort of joint foreign money. Egypt could be very on this,” stated Borizenko.
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