Gold

Dedollarization: US dollar alternatives

Dedollarization: US dollar alternatives

Recently, the term “de-dollarization” has been increasingly used in the global economy.. It means the refusal of countries to use the US dollar as the main currency for settlements in international trade and financial transactions.. This is due to a number of factors, including the instability of the US economy, sanctions against other countries and the desire to strengthen their financial sovereignty.

Tinkoff bought back the blocked assets of its BPIF in dollars for half a billion rubles

11 August on the Moscow Exchange will resume trading in units of the fund "Eternal portfolio USD" Tinkoff Eternal portfolio USDTUSD0,11 $ Also, the investment bank will restore its work in dollars. About 200 thousand customers of the bank have this., more than 2 billion rubles are on their accounts. Trading in units of the Eternal Portfolio USD Fund has not been held since the end of February. At first, the Moscow Exchange did not work, and in March, the assets of Russian investors were frozen after, how European depositories Euroclear and Clearstream blocked the accounts of the National Settlement Depository (NSD), which took into account the securities of Russian investors. These assets cannot be traded, you can not receive coupons and dividends on them. The Central Bank estimated the volume of foreign securities of Russian investors, who were blocked in the NSD, in 6 trillion rubles. If you look only at mutual funds, at the end of May, the assets of 2.7 million shareholders totaling 379 billion rubles were blocked in them. ANALYSTS at ITI Capital estimated the blocked assets of Russian residents at 1.8 trillion rubles, or about $27 billion, mostly stocks. How was the redemption of frozen assets Exchange-Traded Fund in dollars "Eternal PORTFOLIO OF USD" invests in four assets in equal shares: stock, long-term and short-term bonds, as well as gold. The NSD stored 11,2% чистых активов фонда на сумму более 500 млн рублей. When NSD's accounts were blocked, these assets were also frozen. Вот как разблокировали доступ к активам этого БПИФ: На организованных торгах Тинькофф Банк выкупил у своего фонда «Вечный портфель USD» замороженные активы, хранившиеся в НРД. Сделка прошла по рыночным ценам на дату ее совершения, the bank paid more than 500 million rubles. На полученные деньги фонд

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The fall of Petropavlovsk: how the gold miner came to delisting

Petropavlovsk (MCX: POGR, LSE: POG) - British holding, owning a large gold miner with assets in the Amur Region, «Petropavlovsky». The company's depositary receipts have been traded on the London Stock Exchange since 2002., and with 2020 — at Moscow.

Overview of Polymetal's operating results for 4 neighborhood 2021 of the year

"Polymetal" (MOEX: POLY) — one of the leaders in the extraction of precious metals with assets in Russia and Kazakhstan, one of the ten largest gold mining companies in the world. At the end of January, Polymetal published operating results for the fourth quarter of 2021, which investors did not like very much.

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