Black Market Bullion Is in Crosshairs of Bolivian Lawmakers
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Bolivian lawmakers are debating a bill that would require all gold produced in the country to be offered to the central bank as the nation builds its reserves and cracks down on the illegal bullion trade.
Local producers would need certification to sell abroad, and would first be required to offer their gold to the central bank at international prices in return for tax breaks, according to a copy of the draft bill. Exports would be permitted once the bank meets its annual buying limits.