Russian Duma turns down precious metals coins bill

RUSSIA - Russia's State Duma, the lower chamber, turned down Friday a bill allowing circulation of coins made of precious metals as the legal tender along with the banknotes and coins issued by the Central Bank of Russia, or CBR.

The government and the CBR were against the bill, saying the proposal was "unworkable."

The bill provided for the CBR giving daily quotes for such coins in dependence with the prices for precious metal fixings in London.

The CBR said in its recommendations to the Duma t

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: