Wednesday, November 5, 2014

BREAKING: Russia May Ban Circulation of US Dollar

Russia may ban the circulation of the United States dollar, according to Farid Akbarov of APA.

A bill has been submitted in The State Duma calling for the banning and terminating the circulation of USD in Russia.

If the bill is approved, Russian citizens will have to close their dollar accounts in Russian banks within a year and exchange their dollars in cash to Russian ruble or other countries’ currencies.

Otherwise their accounts will be frozen and cash dollars levied by police, customs, tax, border, and migration services confiscated.

If the law enters into force, it will be impossible to legally obtain cash dollars in Russia. The ban or termination of the US dollar will not apply to the exchange operations carried out by Russian Central Bank, the Russian government, ministries of foreign affairs and defense, the Foreign Intelligence Service and the Federal Security Service.


  1. U.S. Mint temporarily sold out of Silver Eagles amid huge demand

  2. U.S. Mint Temporarily Sold Out of Silver Eagles on “Tremendous Demand”

    Should be good for another $2 down.

    From CNBC:

    The U.S. Mint said on Wednesday it has temporarily sold out of its American Eagle silver bullion coins following “tremendous” demand in the past several weeks.

    In a statement sent to its biggest U.S. coin wholesalers, the U.S. Mint says it will continue to produce 2014-dated coins.

    The Mint will advise when additional inventory will become available for sale without providing further details.

    The announcement has not been made available to the public, but a U.S. Mint spokesman confirmed that it has sent the statement to its authorized participants.