From a phone conversation I had with Marshall in Aug 2006. It would be interesting to hear what has come of this.

"As far selling gold specifically to the Central Bank Richard said it is a very
good program because there are no insurance issues with transporting gold (Vens
pick it up), they get the 24 spot price and it works very well and simply. KRY
already can sell gold internationally, there are no restrictions on them that
prevent them from this. They just need to upgrade their licence through the
government to pursue this export option. Richard has no doubts that this will be
done and is in the process. He also pointed out that this suspension is
absolutley nothing to worry about. The bank was just revamping some policy and
have reinstated the buy program fully.
Hecla mining exports all their production out of country and has run into a bit
of trouble regarding some reporting issues surrounding currency exchange rates
and how it affects the taxes payable. Staying in the government program avoids
this. He said the Ven system is a good one.
The Ven Govt gold program states that if you participate in it you are obliged
to sell at least 15% of your gold to the Vens, the rest you can sell
internationally, but then you have transport and insurance issues that you can
avoid if you sell all to the Vens. Once the license is upgraded KRY will have
the option of selling to the open market (anything over 15% of production) or
all to the Vens if that is the way they want to go. KRY wants to stay in the
Govt program as it keeps currency and tax issues away and at the same time lets
them sell globally."