RT.com
17 Nov 2023, 11:43 GMT+10
Payments using Mir cards can now be made throughout Venezuela, Yvan Gil Pinto has said
Russia's Mir payment system is now accepted throughout Venezuela, the country's Foreign Minister Yvan Gil Pinto announced on Thursday.
Caracas said it was willing to join Russia's national payment system last year and in June this year began to accept Mir cards.
"Today, the Mir platform allows payments to be made in 100% of the territory of Venezuela, and about 36% of all payment points accept Mir cards," Pinto told a briefing in Moscow after talks with Russian Foreign Minister Sergey Lavrov.
He noted that Mir cards could be used at all trade points in one of the country's most popular resorts, Margarita Island.
In October, Russian Deputy Prime Minister Alexander Novak announced that the Mir payment system was functioning at over 80,000 ATMs in Venezuela.
The Latin American country's connection to Mir is part of the de-dollarization effort as Moscow and Caracas seek to create conditions for settlements in national currencies.
Russia's Mir payment system has experienced a steady increase in demand for new cards since last year, according to the system's operator. Around ten countries worldwide currently use the system, while approximately 15 others have expressed interest in adopting it.
In March, Cuba announced the launch of Russia's alternative to Western payment cards. Several banks in Havana have installed ATMs displaying the Mir logo, and offer an option to withdraw cash using Russian bank cards in Cuban pesos.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Argentina Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Argentina Star.
More InformationECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...