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(Note: If you’re looking for more news regarding cryptocurrency, please visit our website Bitcoin Commando. All crypto news will be posted there. ~ Dinar Chronicles)
Goldilocks and Seeds of Wisdom
“Russian gold exports have stopped since the start of this year after new exchange-rate-linked duties, Danil Volkov, director of the finance ministry’s tax policy department, told the Federation Council, the upper chamber of parliament.”
This year, Russia is in process of abolishing their export duty on gold. This is a government tax on goods leaving the exporting country. It is collected by the customs authorities.
A gold-exchange rate-linked duty is a monetary system where a nation’s gold can be converted into bills of exchange such as the Ruble. Such moves open the door to a Gold Standard.
Citizens in Russia are already making currency to gold and vice versa exchanges at their local bank.
When this is fully implemented, we will begin to see a ripple effect of other countries seeing the advantages of such a trade especially as countries begin to form free trade agreements fully putting an end to tariffs and aligning their gold with local currencies. This will go a long way to leveling the playing field.
Is Bretton Woods 3 about to make an announcement?
WATCH THE WATER.
© Goldilocks
Mining | Wikipedia | Study Smarter | Book Airfreight | Britannica
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Gold Exchange Standard: Definition, Impact & History | Study Smarter
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LUMMIS, GILLIBRAND INTRODUCE BIPARTISAN LANDMARK LEGISLATION TO CREATE REGULATORY FRAMEWORK FOR STABLECOINS
Below is a link to the full version of what is being voted on…
Lummis Senate
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Source: Dinar Recaps
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