STAFF NEWS & ANALYSIS

Russian Central Banker Lauded as Putin Confronts the System?

By Daily Bell Staff – October 21, 2016

Elvira Nabiullina hunts down Russia’s banking ‘banditry’ … Former economy minister has shut 276 lenders and forced 28 others to reform … When Elvira Nabiullina took over as governor of Russia’s central bank, she came face to face with a sobering statistic: regulators listed as many as 150 banks that were regularly involved in dubious transactions.  Financial Times

This is a strange article because it apparently avoids issues in Russia regarding central banking that we and others have reported on in the recent past.

The profile of this central banker is essentially adulatory and thus provides us with more questions than answers as it doesn’t mention that Putin seems embarked on a course to replace his current Western-initiated monetary system. What an essentially vacuous article it is