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Tanzania announces significant expansion of its Gold reserves
You can add Tanzania to the list of countries expanding their gold reserves. According to a statement by Bank of Tanzania Governor Emmanuel Tutuba, the country has increased its gold holdings by 28 tonnes over the last 18 months. The newly acquired gold is valued at about $3.68 billion at the current price. Tanzania currently holds around $6 billion in reserves, equal to around 4.3 months of imports. Tanzania is one of several African countries buying gold from domestic sources. Under regulations imposed in June 2025, large-scale gold miners operating in Tanzania must sell at least 20 percent of their production ... (full story)
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