Argentina Still Mulling Switch to Ruble-Peso Transactions Proposed by Russia - Diplomat

BUENOS AIRES (Pakistan Point News / Sputnik - 04th December, 2018) Russia is proposing to switch to payments in national currencies, but Argentina is still mulling it over, Russian Ambassador to Argentina Dmitry Feoktistov told Sputnik.

"We are proposing to actively join efforts not only to them [the Argentinians], but to our other partners as well, to switch to payments in national currencies, including peso-ruble. The Argentinians are still thinking," the diplomat said.

Feoktistov explained that Argentina traditionally had all its contracts in Dollars, so it was not sure about rubles.

"But we are converting in many countries, and they will have no problems later, when converting rubles back to dollars," the ambassador said.

Feoktistov said it was regrettable that there were no correspondent accounts between Russian and Argentinian banks.

"We would like to see a Russian bank with its office here in Argentina," the diplomat said.

Feoktistov added that potential cooperation projects in multiple sectors could facilitate the opening of a Russian bank in Argentina.