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Therefore today we have an absolutely sufficient level of gold and foreign currency reserves in order to ensure economic stability and sustainable foreign trade turnover.
-Vladimir Putin
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Therefore Today We Have An Absolutely Sufficient

Vladimir Putin
Therefore today we have an absolutely sufficient level of gold and foreign currency reserves in order to ensure economic stability and sustainable foreign trade turnover.
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Order Gold Levels

More From Vladimir Putin

We can tell the general public that the gold and foreign currency reserves of the central bank are not designed to finance the economy, but rather to ensure foreign trade turnover. therefore, we need this level to be able to provide the necessary foreign trade turnover for such an economy as russia's for a period of at least three months.
Russia Gold Three
If everything stops functioning our level will be able to ensure our trade turnover using its gold and foreign currency reserves for at least six months or more, which is more than enough.
Gold Six Months Levels
All issues - purchasing and selling of currency - are related to the regulation of the national currency market. however, it is still difficult to say what will be the reaction of the central bank and if it would lead to increasing the gold and foreign currency reserves.
Issues Gold Regulation
The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the people, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.
Mean Issues People
I have criticized it [europe], but i repeat: we keep 40 percent of our gold and foreign currency reserves in euros, we are not interested in the collapse of the eurozone, but i do not rule out the possibility of decisions being made that would consolidate a group of countries equal in economic development and this, in my opinion, will lead to a consolidation of the euro. but there can also be some interim decisions in order to keep the present number of members of the eurozone unchanged.
Country Order Europe
The obsession with gold, actually and politically, occurs among those who regard economics as a branch of morality. gold is solid, gold is durable, gold is rare, gold is even (in certain very peculiar circumstances) convertible. to believe in thrift, solidity and soundness is to believe in some way in the properties of gold.
Money Believe Gold
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