Moscow Responds to Sanctions. Bank Rossyia Suspends Foreign Currency Transactions

Sunday, March 30, 2014
By Paul Martin

By Global Research News
Global Research
March 30, 2014

The action is designed to voice support for the bank, which is creating a precedent in world economy

An action in support of bank Rossiya which has decided to work exclusively with the national currency will take place in Moscow on Sunday.

The Golden Symbol of Russian Rouble installation in front of the bank’s office in Perevedensky pereulok in Moscow will symbolize the rouble’s stability and its backing by the country’s gold reserves, the action’s organizers explained to Itar-Tass.

Bank Rossiya plans to work only with Russia’s national currency

The action is designed to voice support for the Rossiya bank, which is creating a precedent and can make those who have initiated penalties against Russia to feel sorry about their decision.

The bank’s transition to using exclusively the rouble may prove the Russian currency’s viability and independence in world economy.

“Russia, at its present stage of development, should not be dependent on foreign currencies; its internal resources will make its own economy invulnerable to political wheeler dealers,” the action’s organizers said.

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