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Gold Smuggling Declines Significantly Due to BoT's Gold Buying Programme

Habari mpya za fedha Tanzania · maelezo ya Gold Smuggling Declines Significantly Due to BoT's Gold… · imesasishwa 5 Aug 2026 · habari za uchumi · pato la taifa · uwekezaji

D

Muhtasari

  • We officially began purchasing gold on October 1, 2023, after making the necessary legal amendments.
  • DAR ES SALAAM: THE Bank of Tanzania (BoT) has purchased 29 tonnes of gold under its domestic gold-buying programme, surpassing its three-year target of 20 tonnes in just 20 months since the initiative was launched in.
  • He added that BoT has set an internal ceiling of 30 per cent for gold within its reserve portfolio, with current holdings accounting for about 27 per cent, leaving room for further purchases and strategic sales.
  • Mr Tutuba attributed the programme’s success to a market-based purchasing model under which the central bank buys refined gold at international market prices and pays suppliers within 24 hours.
  • At current international prices, the governor estimated the country’s gold holdings at approximately 10.5tri/-, making the precious metal an increasingly important component of Tanzania’s reserve portfolio.

Nukuu za habari mpya na vyanzo: Gold Smuggling Declines Significantly Due to BoT's Gold…

dailynews.co.tzSoma zaidi

As a result, he said, gold smuggling has declined significantly while government revenue has increased through improved tax compliance across the mining value chain.

Uliza chochote kuhusu mada hii — mfululizo, athari, wahusika, au uhusiano na Tanzania.