Egypt is in talks to use local currencies with India, China, and Russia, the news agency reported Egypt is planning to shift away from the US dollar in mutual trade with several member states of the BRICS economic bloc, Egyptian Supply Minister Ali Moselhy said Monday, as quoted by Reuters. According to Moselhy, Egypt is seeking to use local currencies to pay for its imports from India, China, and Russia – key members of the BRICS group, which also includes Brazil and South Africa. “Nothing of the sort has been implemented but there are discussions so that we can trade in local currencies of countries like India,
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