Central Bank: Mir cards can be used for operations in foreign currency

The Bank of Russia is considering the possibility of making card transactions within the Mir payment system in dollars or euros within the Eurasian Economic Union (EAEU), said Olga Skorobogatova, First Deputy Chairman of the Central Bank. Transactions will take place in the settlement bank of Russia.

“Here you need to make technological interaction with other players and choose a settlement bank, which will be carried out in dollars or euros. We were contacted by one of the EAEU countries, which wants to carry out settlements not in rubles, but in a neutral currency. I think that in the near future we will also provide such an option, ”said Ms. Skorobogatova (quoted by Interfax). According to her, it is too early to talk about the details before the signing of the agreements.

At the same time, the Bank of Russia stipulates “that, on the one hand, there can be settlements with the Mir card, on the other hand, with the other payment system not in rubles.” “In this case, they will still be held in the settlement bank of Russia, and we will already determine this settlement bank when such agreements will be signed,” Olga Skorobogatova said.

The Mir payment system is the national Russian payment system. Calculations are made in rubles. Credit cards and debit cards with overdraft support are issued. The operator of the Mir payment system is the National System of Payment Cards JSC. NSPK JSC is 100% owned by the Bank of Russia.

Earlier, the presidential press secretary Dmitry Peskov did not rule out that Russia could be disconnected from the Visa and MasterCard payment systems due to the continuation of the Western sanctions policy. Russian Foreign Minister Sergei Lavrov had previously spoken about the need to switch to settlements in national or alternative currencies to the dollar and to abandon the use of Western payment systems.

Read about the situation with payment systems in the publication “Kommersant FM” “Foreign systems will be opposed by” Mir “”.