Consider the following statements:

Solution

The I2U2 group has been formed as part of the United States Government's efforts to re-energize and revitalize American alliances all over the world. The first-ever virtual summit of the I2U2 grouping will be held in July 2022. It will be attended by Prime Minister Narendra Modi, US President Joe Biden, Prime Minister of Israel Neftali Bennett, and the UAE President Mohammed Bin Zayed Al Nahyan. What is I2U2? I2U2 is the new grouping formed by four nations- India, Israel, UAE, and the US. The countries share various common global issues including food security crisis and defence, which will also be a highlight of the meeting of the four nations. In October 2021, a meeting of the foreign ministers of the four countries took place when the External Affairs Minister of India S. Jaishankar was visiting Israel. At that time, the grouping of the four-nation was called ‘International Forum for Economic Cooperation’.The grouping dealt with the issues concerning maritime security, infrastructure, digital infrastructure, and transport. The Currency of Israel is Israeki Shekel and the Currency of UAE is Dirham.