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Tanzania's central bank bought 28 tons of gold over past 18 months for reserves
From Reuters
Wednesday, July 8, 2026
DAR ES SALAAM -- Tanzania's central bank has bought about 28 metric tons of gold over the past 18 months to bolster its international reserves and support the shilling currency, its governor, Emmanuel Tutuba, said.
Tutuba was quoted in a finance ministry statement as saying the purchased gold was worth $3.68 billion at current prices.
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The statement was published today but Tutuba made the comments a day earlier at an International Monetary Fund-World Bank meeting in Gambia.
The Bank of Tanzania has been buying gold for its reserves since about 2023. In September 2024 Tanzania's mining regulator ordered all mining firms and traders exporting gold to allocate at least 20% of the commodity for sale to the central bank. ...
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