Inside Tanzania’s gold reserves: BoT governor opens up on sale
Central bank governor Emmanuel Tutuba answers a question during an exclusive interview with The Citizen, hosted by Mwananchi Communications Ltd Executive Editor, Mpoki Thomson at the bank’s Dar es Salaam office recently. Photo | Michael Matemanga
There has recently been wide public debate regarding the sale of gold reserves held by the Bank of Tanzania. What is the current status of the country’s gold reserves?
Central banks are mandated to hold reserves on behalf of citizens, and these reserves are maintained in different forms. In Tanzania, reserves are held in various currencies, including the US dollar. In 2024, however, the country introduced a domestic gold purchase programme as part of efforts to diversify its reserve assets.
