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All this article seems to say is that the Russian central bank is BUYING gold at a set price at rubles. If ruble is to be backed by gold it would mean that if
by muzika 5y ago
All this article seems to say is that the Russian central bank is BUYING gold at a set price at rubles. If ruble is to be backed by gold it would mean that if someone owns rubles and want to sell them for gold, Russian government would SELL them gold at a certain price of rubles.