BUSINESSJun 19 · 10:02 UTCALLAFRICA

Tanzania: Govt Abandons Gold Sale Plan

Tanzania's government has abandoned plans to sell gold held by the Bank of Tanzania as part of foreign exchange reserves. Prime Minister Dr. Mwigulu Nchemba stated the decision was made due to declining international gold prices rendering the sale economically unviable.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

TanzaniaplaceDr. Mwigulu NchembapersonBank of Tanzaniaorganizationgold sale plantopicForeign Exchange Reservestopic

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSJun 2 · 06:12 UTC
RBI May Have Sold Gold to Save FX Reserves, BE Analysis Shows
BUSINESSMay 11 · 11:06 UTC
Why Modi Wants Indians to Pause Gold Buying
BUSINESSMay 26 · 13:44 UTC
Russian Government Again Fails to Sell Stake in Gold Miner
BUSINESSMay 15 · 09:37 UTC
India’s Gold Demand Slows to a Trickle on Tighter Trade Rules
BUSINESSJun 16 · 06:00 UTC
More Central Banks Than Ever Say They Will Buy Gold This Year
BUSINESSApr 15 · 00:42 UTC
HSBC Private Bank Cuts India Stocks, Adds Gold on Iran War Risks