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Home Forex Market Central Banks News

African Central Banks Strengthening Their Gold Reserves

by MarketNewsBoard
4 hours ago
in Central Banks News, Forex Market
African Central Banks Strengthening Their Gold Reserves

The Bank of Tanzania has purchased approximately 28 tons of gold over the past 18 months to strengthen its international reserves, according to a statement from the Tanzanian Ministry of Finance published on Wednesday, July 8. These purchases, valued at around USD 3.68 billion at current gold prices, have brought the country’s international reserves to……

Source: Original Article

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