Bank of Tanzania nears 20-tonne gold reserve target 18 months early

Dar es Salaam. The Bank of Tanzania (BoT) is on the verge of reaching its 20-tonne gold reserve target nearly 18 months ahead of schedule, marking a significant milestone in the country’s reserve diversification strategy.

BoT Governor Emmanuel Tutuba said in a local radio interview that as of February 15, gold holdings had climbed to 19.3 tonnes. The target, originally projected to be achieved within three years, is now expected to be met in just one and a half years.