According to reports from Russian media, Putin appears to have sent the west a golden message in the aftermath of JPMorgan unilaterally deciding to block an official Russian wire transfer, as the Central Bank of Russia has introduced a new logo, which just happens to be a gold ruble.
Officials stated on the new logo: Golden Badge of the Russian national currency, officially adopted by the Central Bank of Russia, will symbolize a sign of stability and security of the ruble gold reserves of the country.
Strangely, there is no mention yet on Bloomberg, CNBC, or Yahoo Finance… shocking right?
From Prime Russia Forex (via Google translate)
Gold ruble symbol appears in front of the bank “Russia”
RIA Novosti. Russian ruble symbol appears on the Sunday before the office of the joint-stock bank “Russia”, organizers said flashmob.
Action will take place at 15.00 in front of the bank in Perevedenovsky lane in the center of Moscow (near metro “Bauman”).
“Golden Badge of the Russian national currency, officially adopted by the Central Bank of Russia, will symbolize a sign of stability and security of the ruble gold reserves of the country,” – say the organizers.
Thus the participants are going to express installation support to the bank “Russia”, which decided to work exclusively on the domestic market and only one currency – the national currency of the Russian Federation – Russian ruble.
U.S. authorities in response to the Crimea to the Russian Federation imposed sanctions on 20 Russians and the bank “Russia”, included in the thirty largest in the country. Consequence of the sanctions was the refusal of the international payment systems Visa and MasterCard spend Card transactions “Russia”, worsening outlook on the bank and the suspension of the rating actions. On Friday, the Bank announced that it will only work in Russia, and only with their pocketbooks.
Russian ruble symbol – the letter R with a horizontal line – was approved by the Central Bank sovdirom in December 2013.
And all this time the alternative media has been anticipating the introduction of a gold backed yuan…