Bolivian central bank to buy local gold
Authorities initiative goals to stop smuggling
The Bolivian state mining firm Comibol introduced the nation’s central financial institution had signed a three-year contract on Could 19 to buy gold from it.
The settlement got here a day earlier than the mining minister, Ramiro Villavicencio, introduced that Bolivia will set up a “industrial gold enterprise” tasked with absorbing tonnes of gold that’s at the moment being illegally exported, information company EFE experiences. This physique will “co-ordinate” with the Central Financial institution of Bolivia (BCB), Villavicencio mentioned.
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