BCV strengthens their participation in the domestic gold market
The BCV director Jose Salamat Khan Fernandez, announced that between January and February this year has increased the number of producers registered in the register of suppliers that carries the BCV. He announced that the Central Bank will operate a school for the certification of gold, which will enhance safety and reliability parameters in the domestic market of jewelry
ncrementar the presence in the domestic gold market to stimulate domestic production of gold, with strict adherence to Venezuelan law and with a vision of sustainable development that minimizes impacts of mining on the environment shape the outlines of a strategic plan has been implemented by the Central Bank of Venezuela (BCV) after the special resolution issued by the Board of the issuer on 16 June 2009, by which the standards were established on the marketing scheme of the metal.

The BCV director Salamat Khan José Fernández, said that the effort with the laws, the continuing work of the technical teams and to coordinate policies with other Executive Branch agencies, including the Ministry of People's Power for Basic Industries and Mining (Mibam) has begun to bear fruit. "We have declared 2010 as the year of gold and are full of content that commitment."

During the closing day of the Seminar for Journalists on Gold, made at the headquarters of the issuer, Khan announced that between January and February this year has increased the number of producers registered in the register of suppliers that carries the BCV. He further stressed that the issuer has sold 1.08 tonnes of gold produced in the country, representing a little over half the total sold to the BCV over 2009 (two tons).

"The Central Bank has made a great effort and maintain a strong involvement in the gold market, so that the gold produced in the country serve to stimulate the economy, increasing international reserves and promote development in the regions where removed without damaging the environment and without any contraband, "he said.

Presence in the South
For the realization of the objectives set, Khan noted that it requires a continuous presence of BCV in regions of higher gold production. Therefore announced that for the second half of this year, the BCV will open an office in Bolivar state, which is the embryo of a sub-site dependence, as exists in Maracaibo.

"It is necessary that our work teams to establish a direct contact with producers, with the miners, with basic industries that are located in Bolivar. Only then can we deepen the strategies which regulate the sector and coordinate the actions that will benefit the country, "he said.

He announced that the Central Bank will operate a school for the certification of gold, which will enhance safety and reliability parameters in the domestic market of jewelry. Also, is planning to open a training center for jewelry to enhance the skills of the crafts sector in El Callao and other neighboring towns.

Another area where the BCV will be involved in the field of statistics, with the construction of the satellite account of gold, by which it can unify and update the data available resource production, mining assets and their socioeconomic characteristics, among other variables.

Khan said that after the second half of 2010 was the issuance of securities held with support in gold. Further, he stated that BCV works at a museum opening theme on this metal. He recalled that in March 2010 the institute will conduct a special issue dedicated to the hero coins Francisco de Miranda and the process of redenomination, which will be numismatic value.

The Director of the BCV also reported that next April will be a seminar on central bank gold and where managers participate in the reserves of gold resources in England, USA, Chile, Peru and Ecuador as well as in various African countries. May is scheduled to release a stamp issue dedicated to the bicentennial of the Declaration of Independence.

For the second half of the year will launch Golden Book and conducted a seminar on gold and mining. During that time held a different issue numismatic value of coins, but this time commemorating the 70th anniversary of the institute.

Gold online
Since today is operating a comprehensive section on gold at the site of the Central Bank of Venezuela in cyberspace: www.bcv.org.ve / orobcv. There the user has at hand information of interest on the gold resources from statistics to numismatic and regulatory aspects.

Easy to navigate, this site may consult the reference prices of gold through comparative graphs of daily activity, weekly, monthly and yearly, as well as statistical information on domestic purchases made by the issuer's board of gold and collection centers , aggregates and foreign trade

http://www.minci.gob.ve/noticias-nacionales/1/196817/bcv_fortalece_su.html