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The gold game: Electrified by the third rail
Submitted by cpowell on Fri, 2001-05-25 03:00
Section: Daily Dispatches
MOSCOW, May 25 (Reuters) - Russia's deal with the
International Monetary Fund (IMF) would forbid Moscow
from selling gold from central bank reserves, even to
help flood victims, a government source told Reuters
on Friday. The source was commenting on Thursday's
statement from President Vladimir Putin that he was
willing to dip into Russia's gold and diamond reserves
to help people in the flood-hit Sakha Republic who have
lost their homes. quot;Our monetary programme doesn't allow
central bank gold sales. We have to accumulate reserves
and must not allow central bank decapitalisation,quot; the
source said.
