Ronan Manly is well known as a deep dive precious metals analyst, especially with the international exchanges and banks.
EXCERPTS Why is setting a Fixed Price for Gold in Rubles significant? By offering to buy gold from Russian banks at a fixed price of 5000 rubles per gram, the Bank of Russia has both linked the ruble to gold and, since gold trades in US dollars, set a floor price for the ruble in terms of the US dollar.
We can see this linkage in action since Friday 25 March when
https://oilprice.com/Latest-Energy-News/World-News/Russia-Says-Some-Buyers-Agreed-To-Rubles-For-Gas-Payments.html
Russia Says Some Buyers Agreed To Rubles-For-Gas Payments
By Tsvetana Paraskova - Apr 15, 2022, 3:30 PM CDT
Some of Russia’s natural gas customers have agreed to pay in rubles for Russian gas, Deputy Prime Minister Alexander Novak said on Friday.
Last month, Vladimir Putin said that “unfriendly” nations should pay in rubles for natural gas.
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