The Central Bank did not expect that “friendly” countries would massively refuse to accept Mir cards

The Central Bank did not expect “friendly” countries to massively abandon the Mir payment system after the US threat to impose sanctions, reports Bloomberg.

Of the nine countries that supported Mir, six have abandoned its use. This happened in October and November after the US Treasury Department issued a sanctions warning in September.

Mir cards now work only in Belarus, Armenia and some banks in Kazakhstan, Kyrgyzstan and Tajikistan.

Now the Bank of Russia is trying to come up with a working alternative to Mir abroad.

Shops and hotels in some countries still unofficially accept Mir cards, but the lack of bank processing limits their appeal. [Bloomberg]

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