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Egypt to adopt Russian Mir payment system to encourage tourism, trade exchange

Russian tourists and companies will be allowed to pay through the Russian Mir system in Egypt ahead of the winter season, which Cairo is hoping will boost its tourism sector.

Starting later this month, the Russian ruble will be on the list of currencies used by Egyptian banks and be used by tourism companies and hotels in a bid to boost Russian tourism in Egypt, an Egyptian Central Bank official told Al-Monitor.

The news comes as the European Union considers banning Russian tourists in response to the Russian invasion of Ukraine.

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