THE Russian central bank announced today that suspends the gold markets from banks so that they can satisfy the demand of population for metal this.
“In order to create the conditions to respond to the demand of the population, the Bank of Russia suspends the purchase of gold from credit institutions from March 15, 2022,” the statement said. Bank of Russia.
“Right now, the population demand for Gold bars market “It has increased, mainly due to the abolition of VAT on these transactions”, the central bank points out.
The Bank of Russia resumed purchases of gold in the domestic precious metals market on February 28, 2022, almost two years after the suspension of these operations, following the invasion of Russia by Russian forces.
THE abolition of VAT at gold markets It was then decided by individuals after the ruble’s exchange rate fell due to sanctions imposed by the West.
This measure is aimed at preventing foreign currency purchases by the population, which further weaken the national currency.
The ruble he’s got lose 40% of worth from the beginning military invasion.
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