ATMs now display the logo of the Mir payment system and provide an option to withdraw funds in Cuban pesos from cards issued by Russian banks.
March 14, 2023The CBSL said it is not in a position to consider Russia's request to operate the Mir card scheme in Sri Lanka, due to US sanctions.
October 24, 2022Three Turkish state banks will stop using the Mir system in response to guidance issued by OFAC earlier this month. Two others stopped last week.
September 30, 2022The US and EU are also discussing plans target Turkish banks that have joined Russia's Mir payment system. Putin unexpectedly admitted to tensions with Xi.
September 16, 2022Indian and Russian banks are discussing the use of customised trade accounts and an exchange rate mechanism that will enable trade settlement in rupees and rubles.
August 23, 2022Myanmar is negotiating the possibility of joining SPFS, an alternative to SWIFT, as well as the use of Russian Mir cards in Asia.
June 22, 2022UnionPay has reportedly halted negotiations with Russian banks on issuing new bank cards for their customers to avoid possible sanctions.
April 27, 2022The February version of the bill proposed to only allow crypto to be used as an investment vehicle. A digital ruble will be ready next year.
April 23, 2022Visa, Mastercard and American Express have all announced decisions to suspend their operations in Russia due to its invasion of Ukraine.
March 8, 2022The measures include a 200bp RRR cut for banks and a 50bp cut for Islamic banks. The central bank may also start buying government bonds in the primary market in two weeks.
April 18, 2020