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The Central Bank of Russia stopped buying gold from banks
The Central Bank of Russia announced that it has stopped buying gold from banks due to the increasing demand for...
Yazar: James Gordon
Yayınlanma: 16 Mart 2022 11:51
Güncellenme: 20 Kasım 2024 04:53
The Central Bank of Russia stopped buying gold from banks
The Central Bank of Russia announced that it has stopped buying gold from banks due to the increasing demand for physical gold by citizens.
In the written statement made by the Central Bank of Russia, it was pointed out that the demand for physical bullion purchases in the country increased. In the statement, it was noted that the said increase was experienced especially due to the cancellation of VAT in purchases, and it was stated that "The Central Bank of Russia has stopped buying gold from credit institutions as of March 15 in order to meet the demands of the citizens." The Central Bank of Russia has increased its purchase of physical gold, including banks in Russia, since 2014. The bank stopped purchases in March 2020 due to the Covid-19 outbreak, and resumed purchases on February 28 with the start of the Russia-Ukraine war.İLGİLİ HABERLER
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