You are here
Bank of Russia starts buying gold directly from mines
Submitted by cpowell on Sat, 2008-04-19 00:10
Section: Daily Dispatches
From Interfax News Service
Friday, April 18, 2008
http://www.interfax.com/3/386119/news.aspx
MOSCOW -- For the first time, the Bank of Russia purchased gold for its international reserves from gold producers, a source in banking circles told Interfax.
Previously the central bank had always purchased gold on the interbank market.
* * *
Help Keep GATA Going
GATA is a civil rights and educational organization
based in the United States and tax-exempt under the
U.S. Internal Revenue Code. Its e-mail dispatches are
free, and you can subscribe at http://www.gata.org/.
GATA is grateful for financial contributions, which
are federally tax-deductible in the United States.