Tag: Craig Kennedy
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Russian Government and Central Bank plan to roll-out direct expropriation of cash balances as the economy goes bankrupt
The Russian Central Bank and MP and Central Bank Council member Anatoly Aksakov are planning to launch a scheme whereby the Central Bank can expropriate cash balances that are over 1.4 million Roubles ($13,000) on behalf of the government. The scheme is similar to the one Cyprus imposed on bank account holders who had more…
