United States
Buy, Sell, Store Gold & Silver in the United States
Bullionstar - Singapore
Buy Silver & Gold With Cryptocurrencies - Storage & Insurance In Safe Jurisdiction
Bullionstar - New Zealand
Buy Silver & Gold With Cryptocurrencies - Storage & Insurance In Safe Jurisdiction

Hit by new U.S. sanctions, Russia halts dollar and euro trade on main bourse

By Alexander Marrow and Mark Trevelyan
Reuters
via Yahoo News, Sunnyvale, California
Wednesday, June 12, 2024

New U.S. sanctions against Russia have forced an immediate suspension of trading in dollars and euros on its leading financial marketplace, the Moscow Exchange.

The exchange and the central bank rushed out statements today -- a public holiday in Russia -- within an hour of Washington announcing a new round of sanctions aimed at cutting the flow of money and goods to sustain Russia's war in Ukraine.

... Dispatch continues below ...

... ADVERTISEMENT ...

Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico

Guanajuato Silver is a precious metals producer reactivating past-producing silver and gold mines in central Mexico. The company produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine. All three mines are located within the state of Guanajuato, which has a 480-year mining history.

Additionally, the company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango state. 

With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico.

For more information, please visit:

http://www.gsilver.com/

"Due to the introduction of restrictive measures by the United States against the Moscow Exchange Group, exchange trading and settlements of deliverable instruments in U.S. dollars and euros are suspended," the central bank said.

The move means banks, companies, and investors will no longer be able to trade either currency via a central exchange, which offers advantages in terms of liquidity, clearing, and oversight.

Instead, they will have to trade over-the-counter, where deals are conducted directly between two parties. The central bank said it would use OTC data to set official exchange rates. ...

... For the remainder of the report:

https://finance.yahoo.com/news/moscow-exchange-stop-trading-dollars-153650237.html

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Gold’s Price Target $10,000-$15,000, But Silver Wi...
U.S. MONEY SUPPLY GROW HIDDEN IN U.S TREASURY MARK...

By accepting you will be accessing a service provided by a third-party external to http://silvergoldadvisor.com/