{"id":39075,"date":"2026-07-08T11:26:36","date_gmt":"2026-07-08T09:26:36","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=39075"},"modified":"2026-07-08T11:26:36","modified_gmt":"2026-07-08T09:26:36","slug":"tanzanias-central-bank-buys-28-tons-of-gold-over-past-18-months-for-reserves","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/tanzanias-central-bank-buys-28-tons-of-gold-over-past-18-months-for-reserves\/","title":{"rendered":"Tanzania&#8217;s Central bank buys 28 tons of gold over past 18 months for reserves"},"content":{"rendered":"<div class=\"x_elementToProof\">Tanzania&#8217;s Central bank has bought about 28 metric tons of gold \u200bover the past 18 months to bolster \u200cits international reserves and support the Shilling currency, its Governor Emmanuel Tutuba said.<\/div>\n<div><\/div>\n<div class=\"x_elementToProof\">Tutuba was quoted in a \u200bFinance Ministry statement as saying the purchased \u200bgold was worth $3.68 billion at current prices.<\/div>\n<div><\/div>\n<div>The \u2060statement was published on Wednesday but Tutuba \u200bmade the comments a day earlier at an \u200bInternational Monetary Fund World Bank meeting in Gambia.<\/div>\n<div><\/div>\n<div>The Bank of Tanzania has been buying gold for its reserves since about \u200b2023.<\/div>\n<div><\/div>\n<div>In September 2024, Tanzania&#8217;s mining regulator ordered \u200ball mining firms and traders exporting gold to allocate \u200cat \u2060least 20% of the commodity for sale to the Central bank.<\/div>\n<div><\/div>\n<div>Tanzania is one of Africa&#8217;s top 10 gold producers.<\/div>\n<div><\/div>\n<div>Tutuba said the gold purchase programme \u200bhad resulted \u200bin more \u2060than 4 000 new accounts opened at financial institutions by mineral traders \u200band small scale miners.<\/div>\n<div><\/div>\n<div>At last week&#8217;s interest rate announcement, \u200bTutuba \u2060said the East African country had around $6 billion of reserves, equivalent to 4.3 months of imports.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":16343,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-39075","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Tanzania's Central bank has bought about 28 metric tons of gold","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39075\/revisions"}],"predecessor-version":[{"id":39076,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39075\/revisions\/39076"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/16343"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=39075"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=39075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}