Egypt bans gold exports, miner says not affected

Discussion in 'Gold' started by pmfiend, Mar 1, 2011.

  1. pmfiend

    pmfiend New Member

    Joined:
    Dec 14, 2010
    Messages:
    710
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    http://af.reuters.com/article/topNews/idAFJOE71R01L20110228


    Telling that there is no ban on exporting fiat. :)
     
  2. bsides

    bsides Active Member Silver Stacker

    Joined:
    Nov 12, 2010
    Messages:
    504
    Likes Received:
    138
    Trophy Points:
    43
    Location:
    Australia
    meanwhile, vietnam is looking to ban gold trading to reduce imports and therefore the trade deficit! HA



    Vietnam central bank wants to outlaw gold trading

    Submitted by cpowell on 05:32AM ET Monday, February 28, 2011. Section: Daily Dispatches

    By Nguyen Pham Muoi
    Dow Jones Newswires
    via The Wall Street Journal
    Monday, February 28, 2011

    http://online.wsj.com/article/BT-CO-20110228-702556.html

    HANOI -- Vietnam's central bank is proposing that the government issue regulations to ban the trade of gold bullion from the second quarter of this year, state media reported Monday, citing the State Bank of Vietnam.

    "The State Bank of Vietnam in the second quarter will request that the government issue a decree on management of gold trading, aiming to control imports and exports of gold and to ban the trading of gold bullion in the free market," the state-run Vietnam News Agency said.

    "Trading of gold bullion is seen only in Vietnam but not in other countries," it said. "It is bad for the economy because (the country) has to import gold, which causes trade deficits."

    The elimination of gold bullion trading is "necessary and timely," as the government is rolling out measures to tame inflation and stabilize macroeconomic conditions, it said.
     

Share This Page