Venezuela will join the Russian Mir payment system
The president of Venezuela, Nicolás Maduro, affirmed that they will be included in the Russian Mir payment system in order to reduce the impact of economic sanctions against his country.
In his intervention in a program, Maduro affirmed that they are trying to join new international payment systems in the face of the unjust sanctions to which Venezuela is exposed, and said: “The Central Bank of Venezuela gave the good news that we will join the Mir payment system, which was created by Russia and used by many countries of the world.”
Emphasizing that new payment systems are an alternative to sanctions, Maduro said: “New payment systems are emerging in the world. Cruel and murderous sanctions have been imposed on Venezuela, they are trying to isolate us economically from the world. Now we are working on new payment systems and the new world has new monetary systems,” he said.
APPROACHING RUSSIA
The president of the Central Bank of Venezuela, Calixto José Ortega Sánchez, stated in his June 15 statement that they are following new technological developments to speed up financial transactions between Venezuelan banks and Russian banks.
In national media reports, it was indicated that the Central Bank of Venezuela wants to facilitate import and export transactions with Russia in national currency.
In the country, which has been exposed to economic and political embargoes for many years, the economy was announced to grow on January 13 after 7 years of contraction.
In Venezuela, the country with the highest inflation rate in the world, six zeros were removed from its currency on October 1, 2021. (AA)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
