Russia to conduct major monetary reform

The Russian authorities intend to struggle against the corrupt turnover of cash rubles. The corrupt turnover of cash money is used to evade taxes and keep "shadow" savings.

Bank of Russia maximizes gold acquisition, sets new records in gold reserves

In July, the Central Bank of the Russian Federation acquired more than 26 tons of gold, having thus increased total gold reserves to 1,970 tons evaluated at $77.41 billion