RUB/USD 0,0121
BRL/USD 0,1849
INR/USD 1,1987
CNY/USD 0,1351
ZAR/USD 0,5566
Moscow 22 °C
Brazilia 17 °C
New Delhi 33 °C
Beijing 32 °C
Pretoria 12 °C
Cairo 29 °C
Tehran 29 °C
Abu Dhabi 33 °C
Иконка с часами 14 minutes 2 sec.
Ambassador of Ethiopia to Russia Uriat Cham Ugala/ “Joining BRICS is a growth opportunity for Ethiopia”
Иконка с часами 20 minutes 11 sec.
Douw Vermaak/ «Relations between Russia and South Africa are getting stronger»
Иконка с часами 8 minutes 22 sec.
Anthony Phiri, Harare Institute of Technology/"The world needs to work together to reduce greenhouse gas emissions"
19.06.2412:56 Society
TV BRICS begins co-operation with Vietnam
11.06.2416:45 Society
TV BRICS and Moscow to join forces to promote image of Russian capital as international centre of creative industries
11.06.2409:05 Society
India's largest television network TV9 and TV BRICS to jointly promote united BRICS agenda
24.08.22 09:36

Indian banks may start accepting Mir payment cards

The issue was discussed during Ajit Doval's visit to Moscow

Russia and India are planning to recognise each other's payment systems, as reported by Deccan Herald (DH).

It is noted that if the relevant decision is taken, Indian banks as well as the shops serviced by them will start accepting cards of the Russian payment system "Mir". The issue of mutual recognition of RuPay and Mir was discussed during the recent visit of India's National Security Adviser Ajit Doval to Moscow. Among other things, the possibility of active use of national currencies in bilateral trade was also considered.

In addition, according to the newspaper, at the moment the possibility of creating a new reserve currency based on the currencies of the BRICS countries is being studied.

Mir cards are now accepted in Armenia, Vietnam, Turkey, Belarus, Abkhazia, Kyrgyzstan, South Ossetia, Tajikistan, Uzbekistan and Kazakhstan.

At the beginning of the year the head of the Russian Ministry of Industry and Trade, Denis Manturov, said that Russia needs to increase settlements in national currencies with the member states of the Eurasian Economic Union (EAEU) and BRICS countries and the SCO. He stressed that this is a necessary measure to increase independence in mutual trade.

Photo: IStock

and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data


19.06.2415:35 Economics
Fish production rises in Zimbabwe
19.06.2410:30 Economics
Iran exports pharmaceutical and medical goods to 50 nations
18.06.2416:16 Economics
Iran to introduce digital currency into circulation
18.06.2411:45 Economics
Brazil car sales up 15.4% in May
17.06.2415:35 Economics
Ethiopian farmers cultivate high-yielding coffee varieties
17.06.2412:26 Economics
India creates its own deep-sea mission
and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data