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IPFS News Link • Central Banks/Banking

Putin Reappoints Russian Central Bank Chief Who Handed Over Russia's Reserves to Russia's En

• https://www.paulcraigroberts.org by Paul Craig Rob

According to the Wall Street Journal, today President Putin has nominated for a third term Elvira Nabiullina as chief of the Russian central bank: 

"Ms. Nabiullina's reappointment solidifies her role as one of Russia's top economic generals, tasked with keeping the country's financial system functioning and commerce flowing while fighting rages in Ukraine. Her current term is due to end in June. She is expected to speak later Friday.

"'The president has repeatedly praised the results of the work of Nabiullina and the central bank as a whole. And we see how logical it was to introduce her candidacy for another term,' Kremlin spokesman Dmitry Peskov told reporters on Friday."  https://www.wsj.com/articles/putin-taps-central-bank-chief-for-third-term-with-mandate-to-cushion-economy-from-sanctions-11647602129?mod=Searchresults_pos4&page=1 

This  is an inexplicable decision!  Nabiullina is the incompetent or traitor who was keeping Russia's gold and foreign exchange reserves abroad where they were easily confiscated by the sanctioning  countries.


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