The resolution of the Central bank of Venezuela (BCV) on the regime of gold commercialization and its alloys has generated controversial, because the new norms establish that of 70% of the national auriferous production destined to the internal market, 60% must be sold “obligatorily” the emitting being, whereas only a 10% are placed in the national transforming sector.
Why don't they do this with oil as well? Mandatory 70% sold to the government (i.e. the middleman) at the reduced exchange rate and then resold at the higher dollar rate? Oooops....I forgot. With much of oil nationalized already they would only be screwing themselves. There may be some entertainment value in that.