Moscow & Cairo to drop USD, use national currencies in bilateral trade – Putin Published time: February 08, 2015 23:10 Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media ahead of his Monday visit to the country. READ MORE: [...]
Tag: RT
Russia Increases Gold Purchases by 123%
from Russia Today The Central Bank of Russia bought a record amount of gold in the first 11 months of 2014 spending an estimated $6.1 billion. Increasing gold reserves attempts to reduce dependence on the dollar amid geopolitical tension, Mark O’Byrne of GoldCore, told RT. Russia’s gold purchases accounted for a third of the world’s total of 461 tons, according to research by Thomson[...]