The international price of gold is close to $2,000 per troy ounce, something that the national government considers encouraging for domestic production. Gold has become a refuge for investments for the countries’ reserves, due to the stability of its prices. The share of gold in the International Reserves of the Central Bank is 39.3%. Gold exports and commercialization reactivated in the period January to June 2020, reaching 10,203 kilos, with a gross sales value of some Bs 3.6 billion ($519.4 mn), generating Bs 54.2 million ($7.79 mn) in mining royalties.
Source: El Deber