From Reuters.com (hat tip Bob Wenzel)
Belarus' central bank has stopped selling gold to local retail customers for Belarussian roubles BYR=, it said on Friday, after demand for precious metals soared due to expectations of a currency devaluation.
The bank did not explain its decision.
The explanation:
This represents an instinctive response by Belarussians against the expectation of their government’s debauchery of money.
Such action can be read as “flight to real values”.
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