Belarus Halts Sale of Gold For Roubles

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Egg
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Belarus Halts Sale of Gold For Roubles

Post by Egg » Fri Apr 15, 2011 6:05 pm

Belarus’ central bank has stopped selling gold to local retail customers for Belarussian roubles, it said on Friday, after demand for precious metals soared due to expectations of a currency devaluation.

The bank did not explain its decision.

Belarus is in talks with Russia on a $3 billion bailout package that Minsk hopes will help it avoid a painful devaluation of the rouble and offset the large current account deficit.

Belarussians bought 470 kilograms of gold from the central bank last month, up from 209 kilograms in January and February together, as they sought to protect their savings.

Analysts say that Belarus will have to eventually devalue the rouble by about 20-30 percent even if it receives aid from Moscow. However, the central bank has said it would not make any such moves until late April.

http://af.reuters.com/article/metalsNew ... 6O20110415


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lkwalker
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Re: Belarus Halts Sale of Gold For Roubles

Post by lkwalker » Fri Apr 15, 2011 6:51 pm

My family came from Minsk guberniya. They left with nothing but the gold in their teeth. The ones who stayed lost even that.
"If you don't think to good, don't think too much." Yogi

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Re: Belarus Halts Sale of Gold For Roubles

Post by Egg » Fri Apr 15, 2011 6:55 pm

NO SHIT! Belarusan women are usually tall and beautiful. That's really all I know.

You were born here, right?


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Re: Belarus Halts Sale of Gold For Roubles

Post by lkwalker » Fri Apr 15, 2011 6:58 pm

well if you like women with big tits and mustaches. wait! you do.
"If you don't think to good, don't think too much." Yogi

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Re: Belarus Halts Sale of Gold For Roubles

Post by Egg » Fri Apr 15, 2011 7:03 pm

They tickle :D


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Re: Belarus Halts Sale of Gold For Roubles

Post by lkwalker » Fri Apr 15, 2011 7:06 pm

so fetishes are cool here? just askin...
"If you don't think to good, don't think too much." Yogi

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Re: Belarus Halts Sale of Gold For Roubles

Post by Egg » Fri Apr 15, 2011 7:07 pm

If they involve tickling and giant women, yes.


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Re: Belarus Halts Sale of Gold For Roubles

Post by lkwalker » Fri Apr 15, 2011 7:11 pm

what fetish doesn't?
"If you don't think to good, don't think too much." Yogi

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Re: Belarus Halts Sale of Gold For Roubles

Post by Egg » Fri Apr 15, 2011 7:13 pm

Point taken. That'll be 48,000, please. Thank you.

Anyway, looks like Belarus is screwed.


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Re: Belarus Halts Sale of Gold For Roubles

Post by lkwalker » Fri Apr 15, 2011 7:14 pm

looks like Belarus is screwed.
business as usual.
"If you don't think to good, don't think too much." Yogi

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