Strategic bombers of Russian Air Force make flights over Pacific Ocean, Sea of JapanMilitary & Defense August 24, 6:59
UN envoy slams anti-Russian sanctions imposed over North KoreaRussian Politics & Diplomacy August 23, 21:29
Criminal case over Ukraine's map without Crimea and Donbass opened in KievWorld August 23, 21:17
Netanyahu says every encounter with Putin benefits Israel’s securityWorld August 23, 19:15
Netanyahu determined to prevent Iran from strengthening positions in SyriaWorld August 23, 18:21
Russia's military might on display at Army-2017 forumMilitary & Defense August 23, 18:20
Russian defense minister examines weapons seized from terrorists in SyriaMilitary & Defense August 23, 18:12
Grand Russian art exhibition to be held in Vatican in 2018Society & Culture August 23, 17:47
Argentinian footballer Emiliano Rigoni signs contract with Russia’s Zenit FCSport August 23, 17:36
CAIRO, January 17. /TASS/. Russia and Egypt might use the Russian currency unit, the rouble, in their mutual settlements, Egypt’s Minister of Tourism Hisham Zaazou told the Al Shorouk newspaper published on Friday.
He said that in condition of the rouble devaluation and in a bid to encourage tourism flows from Russia the two countries might begin to use the rouble as a payments unit in the sphere of tourism and in trade in general “already in February.”
Zaazou said that the sides were working on a mechanism of mutual settlements to abandon the U.S. dollar as a basic currency unit. Such settlements, in his words, might be made via the two countries’ Central Banks.
At the initial stage, the rouble would be used to pay for tourist vouchers and travel companies’ fees. Further on, he said, these funds might be used by Cairo to pay for imports from Russia.
Egypt is currently taking all possible measures to keep the tourist flow from Russia from falling in conditions of the financial crisis. In 2014, about three million Russians visited Egypt, but the overall positive situation was marred in December, when the number of Russian vacationers in Egypt nearly halved following the rouble’s slide.
In a bid to encourage tourism from Russia, Egypt cancelled visa fees for Russian tourists for a term of four months - from January 15 to April 30. Tourists who will buy package tours to the Red Sea resorts will not have to pay a fee of 25 U.S. dollars per capita.