The Government is implementing a measure to speed up the inflow of dollars into the economy, through the issuance of gold-backed certificates. This type of operation used as the active metal is exploited in the mines of Guiana.

Since late last year there is great expectation for the economic decisions taken by the Executive. The possibility of eliminating the System of Transactions with Securities in foreign currency (Sitme), which operates in the Central Bank of Venezuela, has lagged behind. However, the shortage of foreign exchange due to the large public spending that drove last year and the overhead of each State by the subsidies have created serious supply problems.

Recently was revoked the concession of the mine Las Cristinas to the Russian-Canadian Rusoro and was awarded to a Chinese consortium. That is not the only company in China that operates in the area and that, according to the law, must deliver the surplus gold produced (there is an allowable) to the State.

The study operations involve an exchange of gold for currency, operating in the international secondary market. The certificates would be sold to domestic companies who are interested in earning foreign exchange through legal channels. However, some technical details are unknown, how the allocation mechanism. Analysts have said that such measures do not solve the problem of the collapse of the exchange control.

However, that route could not solve the problems of dollar inflows facing the nation by the impossibility of PDVSA to continue increasing its production and the high import growth, which at the end of the third quarter last year exceeded 20%.http://www.el-nacional.com/economia/Estudian-realizar-operaciones-oro_0_125389813.html