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Russia's Central Bank Says It Will Stop Buying Gold At A Fixed Price - Foreign Affairs - Nairaland

Nairaland ForumNairaland GeneralPoliticsForeign AffairsRussia's Central Bank Says It Will Stop Buying Gold At A Fixed Price (476 Views)

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Russia's Central Bank Says It Will Stop Buying Gold At A Fixed Price by paafin(op): 9:28pm On Apr 07, 2022
Russia's central bank said on Thursday that due to a "significant change in market conditions" it would buy gold from commercial banks at a negotiated price from April 8.

On March 25, the bank had said it would buy gold at a fixed price of 5,000 roubles a gram until June 30. read more

Since that announcement, the rouble has strengthened sharply against the dollar. Five thousand roubles was worth around $52 on March 25 and around $63 on Thursday.

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Gold prices on the international market have remained stable at around $60 a gram, or $1,900 an ounce.

Russia is one of the world's biggest gold producers, but the country's refiners were barred from selling bullion into the London market, the world's largest, after the Kremlin sent troops into Ukraine in February.

($1 = 78.6830 roubles)
Re: Russia's Central Bank Says It Will Stop Buying Gold At A Fixed Price by VictorUSA(m): 1:55am On Apr 08, 2022
We simply do not care.
Re: Russia's Central Bank Says It Will Stop Buying Gold At A Fixed Price by OhMyG0d: 2:24am On Apr 08, 2022
VictorUSA:
We simply do not care.
May I know who are the WE?
Re: Russia's Central Bank Says It Will Stop Buying Gold At A Fixed Price by VictorUSA(m): 4:59am On Apr 08, 2022
OhMyG0d:
May I know who are the WE?
The West and the pro-west.Hope this answers your question.
Re: Russia's Central Bank Says It Will Stop Buying Gold At A Fixed Price by tamdun: 5:45am On Apr 08, 2022
VictorUSA:
The West and the pro-west.Hope this answers your question.
And u speak for them?
Re: Russia's Central Bank Says It Will Stop Buying Gold At A Fixed Price by AJSfan: 5:48am On Apr 08, 2022
grin
VictorUSA:
The West and the pro-west.Hope this answers your question.
grin
Re: Russia's Central Bank Says It Will Stop Buying Gold At A Fixed Price by RichMelanin: 6:32am On Apr 08, 2022
VictorUSA:
The West and the pro-west.Hope this answers your question.
What a clownfish
cheesy grin

China’s missile travels 40,000 kilometers in 5mins
USA 4500 kilometers in 5min
cheesy
They would nuke you guys to reset
grin
Re: Russia's Central Bank Says It Will Stop Buying Gold At A Fixed Price by VictorUSA(m): 6:54am On Apr 08, 2022
tamdun:
And u speak for them?
I stand firm for our position.
Re: Russia's Central Bank Says It Will Stop Buying Gold At A Fixed Price by VictorUSA(m): 7:01am On Apr 08, 2022
RichMelanin:
What a clownfish
cheesy grin

China’s missile travels 40,000 kilometers in 5mins
USA 4500 kilometers in 5min
cheesy
They would nuke you guys to reset
grin
No you forgot, Chinese missle travel 400, 000 miles in a second and U.S missile travel 4000000 mitres in 50 years.
1 Reply

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