IMF deal forbids Russian bank gold sales

RUSSIA - Russia's deal with the International Monetary Fund (IMF) would forbid Moscow from selling gold from central bank reserves, even to help in emergencies, a government source said on 25 May.

The source was commenting on yesterdays, 24 May, 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.

"Our monetary programme doesn't allow central bank gold sales. We have t

To continue reading...

You must be signed in to use this feature.

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: