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Russian central bank chief rejects linking ruble to gold, differing with Kremlin
From Bloomberg News
Friday, April 29, 2022
Bank of Russia Governor Elvira Nabiullina today dismissed the idea of pegging the ruble to gold after the Kremlin said it was a proposal under consideration.
"It is not being discussed in any way," Nabiullina told reporters at a briefing after the central bank cut the key interest rate by 300 basis points.
The ruble must continue to have a floating exchange rate, she said, though volatility of the currency will be higher amid capital controls imposed after Russia began its invasion of Ukraine.
... Dispatch continues below ...
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Wednesday, April 20, 2022
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Her comment appeared to contradict President Vladimir Putin’s spokesman, Dmitry Peskov, who said earlier today that "this question is now being discussed." Peskov pointed to comments by Security Council Secretary Nikolai Patrushev on linking the currency to gold and other commodities in an interview with a state-run newspaper this week, while offering no further details. ...
... For the remainder of the report:
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