{"id":129196,"date":"2022-10-13T15:28:15","date_gmt":"2022-10-13T22:28:15","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=129196"},"modified":"2022-10-13T15:28:15","modified_gmt":"2022-10-13T22:28:15","slug":"sri-lanka-turns-down-request-to-join-russias-mir-payment-system","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2022\/10\/13\/sri-lanka-turns-down-request-to-join-russias-mir-payment-system\/","title":{"rendered":"Sri Lanka turns down request to join Russia\u2019s MIR payment system"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Ada Derana<\/em><\/span><\/h2>\n\n\n<p>The Central Bank of Sri Lanka (CBSL) today said that it is not in a position to consider favorably\u201d to the request to operate Russia\u2019s MIR bankcards within the country\u2019s banking system due to the US sanctions on the payment system.<\/p>\n\n\n\n<p>Due to the US sanctions on the MIR payment system, as confirmed by the Ministry of Foreign Affairs &#8211; Sri Lanka, the Central Bank of Sri Lanka is not in a position to consider favorably, at the current juncture, the request to operate MIR card scheme within the banking system,\u201d the CBSL said in tweet.<\/p>\n\n\n\n<p>It was reported last month that Sri Lankan authorities are discussing with Moscow the possibility of joining Russian payment system MIR, and that the discussion was underway between the Central Banks.<\/p>\n\n\n\n<p>The importance of Mir cards for Russians rose substantially this year after U.S. payments firms Visa Inc and Mastercard Inc suspended operations in Russia and their cards that were issued in Russia stopped working abroad, against the backdrop of Russia\u2019s invasion and continuing war against Ukraine.<\/p>\n\n\n\n<p>Cuba, South Korea, Turkey, Vietnam and a handful of former Soviet republics accept Mir, which means both peace\u201d and world\u201d in Russian, with others such as Iran intending to follow suit soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Ada Derana The Central Bank of Sri Lanka (CBSL) today said that it is not in a position to consider favorably\u201d to the request to operate Russia\u2019s MIR bankcards within the country\u2019s banking system due to the US sanctions on the payment system. Due to the US sanctions on the MIR payment system, as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-129196","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/129196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=129196"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/129196\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=129196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=129196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=129196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}