Russia in Discussion to Peg the Ruble to Gold

Kremlin in ‘discussions’ to peg ruble to gold, but Russia’s central bank rejects the idea   Russia is currently in discussions to peg the ruble to gold, according to the Kremlin. But the idea was dismissed by Bank of Russia Governor Elvira Nabiullina following Kremlin’s comments. The Russian government appears to be seriously considering backing Russian rubble with gold, at least according to President Vladimir Putin’s spokesman Dmitry Peskov. “The question of creating a financial system in Russia, in which the ruble’s value will be tied to gold and currency assets, is now being discussed,” Peskov told reporters Friday. Peskov…