An Iranian finance ministry (MEFA) official says the country is in very advanced stage of talks to join Russia’s Mir payment system.
Qorban Eskandari, who leads MEFA’s banking and insurance department, said on Tuesday that Iran could join Mir within months of conclusion of talks between Iran’s central bank and Russia, which he suggested would take place in a very near future.
Speaking to the semi-official ILNA news agency, Eskandari said, however, that talks with Russia over the payment system are restricted to bilateral financial ties and access to the banking services in countries that have already joined Mir would take place in the future
Russia established Mir, which means both “peace” and “world” in Russian, in 2017 as an alternative to international financial services like Visa and Mastercard.
Countries like Cuba and South Korea have joined the payment service while Mir cards work in several former Soviet republics as well as in Turkey. Reports have shown that the United Arab Emirates also plans to join Mir.
By PRESS TV