“It’s completely haphazard, no companies are doing it, only wildcatters,” said Russ Dallen of Caracas Capital, an investment bank, who revealed the cessation of payments to Gold Reserve in a note to his clients.

Mr Dallen said gold from unregulated mining channelled to the central bank by the army had contributed about $100m to Venezuela’s foreign reserves in February.

https://www.ft.com/content/3c6180da-4c76-11e8-97e4-13afc22d86d4