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DPR’s Central Bank tests non-bank payment system

August 14, 2015, 15:18 UTC+3
The bank has already embossed more than 2,000 plastic cards and has installed nine automatic cash dispensers
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© ITAR-TASS/Alexei Slavniy

MOSCOW, August 14 /TASS/. The Central Republican Bank of the self-proclaimed Donetsk People’s Republic has successfully introduced a non-cash payment system and has issued more than 2,000 plastic cards to its clients, Irina Nikitina, the bank’s chairperson, told a news conference held at the Donetsk news agency on Friday.

"The bank has been testing the republican payment system since July this year. The trial transactions have been successfully completed today," the head of DPR’s financial regulator said.

The plastic cards were tested as part of salary projects launched by the Central Republican Bank, several ministries, including the Finance Ministry and the Ministry of Economic Development, and the presidential administration.

"The bank has already embossed more than 2,000 plastic cards and has installed nine automatic cash dispensers. The first salaries have been transferred to the plastic cards," Nikitina said.

According to her, the bank’s customers can use the automatic cash dispensers to withdraw cash from their bank accounts in any of the four currencies, which are officially in circulation in the territory of the Donetsk People’s Republic.

"We have a multi-currency zone. That is why automatic cash dispensers can hand out cash in dollars, euros, rubles and hryvnias dependent on the currency, in which a customer’s plastic card has been issued," Nikitina explained.

The DPR authorities have been forced to introduce the multi-currency system because of Kiev-imposed economic blockade. Four currencies, including the hryvnia, the Russian ruble, the US dollar and the euro, are officially in circulation in the DPR.

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