The New Year Cake came from the story about Saint Basil who it is said told how he helped the poor people to pay their taxes. The story goes that he took some jewelry from each person and gave it to the Governor. The Governor was sorry for the poor people and so he gave the jewelry back, they only problem was Basil did not know who owned each piece of jewelry. This is when it is told the miracle occurred. He baked each piece inside a loaf and when the loaves were given out, everyone had their own jewelery in the piece of loaf.