Tag: bank of russia

Russian Central Bank to Restart Gold Purchases From Banks

Russia’s central bank plans to restart its purchase of gold from banks beginning March 28 in a bid to “balance supply and demand in the domestic precious metals market,” and bring back a semblance of normalcy to the country’s economy. The central bank will pay a fixed rate of 5,000 rubles ($49) per gram of…


Moscow Restarts Trading in Government Bonds, ‘Russian Version’ of Quantitative Easing Underway

Russia restarted trading in federal government bonds (OFZ) on March 21, almost a month after the Moscow Exchange was shut down on Feb. 25 following the invasion of Ukraine. An open auction for all OFZ issues was scheduled to be held from 10 to 11 a.m. Moscow Time on March 21, the Bank of Russia…