MYANMAR uses the yuan to pay for supplies of Russian petroleum products, Minister of Investment
and Foreign Economic Relations of Myanmar Dr Kan Zaw told Sputnik, adding that the parties are preparing an agreement on the mutual conversion of national currencies.
“We are using yuan and not (paying) with roubles at this moment. But we are trying to make the kyat-
rouble agreement (on the mutual conversion) … (the agreement) is going (to be signed) very soon,” Dr Kan Zaw said on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok.
In addition, Dr Kan Zaw expressed hope that Myanmar would conclude an agreement with Russia on
tourism on the sidelines of the EEF.Last September, Myanmar’s Prime Minister Senior General Min Aung
Hlaing told Sputnik that the country had begun purchasing Russian petroleum products.
Myanmar will begin accepting cards from the Russian Mir payment system in October, Dr Kan Zaw
said. “Mir cards could be used starting from October, I hope,” he said on the sidelines of the Eastern
Economic Forum (EEF) in Vladivostok, adding that an agreement on this issue was signed between the central bank and six commercial banks. The eighth EEF is taking place on the campus of the Far Eastern Federal University in the Russian city of Vladivostok from 10 to 13 September. RIA Novosti is the official media partner of the forum.
Source: The Global New Light of Myanmar