Bolivia is gradually abolishing a state-controlled gold trading system in an attempt to attract more dollars into its financial system, end central bank purchases, and ease restrictions on private exports of this precious metal. According to new regulations supported by President Paz, exporters will no longer need central bank certificates to ship gold overseas, but at least 80% of export revenue must flow into the Bolivian banking system. This reform put an end to the system supervised by the central bank and implemented for three years.

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