He said this during a meeting with the speaker of the Federation Council Valentina Matvienko.

According to the Prime agency, in March Russia adopted a law on the abolition of VAT on the purchase of gold bars for individuals.

In July, a law was passed exempting citizens' income from the sale of gold from personal income tax.

According to Moiseev, the measures taken contributed to the fact that in Russia the sale of gold to the population increased 10 times.

The deputy head of the Ministry of Finance believes that "this is not enough anyway."

“Gold should replace dollars, of which the population has several hundred billion exactly lying in banks in gardens and so on,” he said.

Earlier it was reported that the Ministry of Finance of Russia may impose restrictions on the export of precious metals by individuals, if its volume exceeds the allowable one.