DAR ES SALAAM, Oct. 21 -- THE Bank of Tanzanias gold holdings rose by 3.6 per cent in September, strengthening the gold component of its assets and highlighting the importance of precious metals in the central banks financial position.

The Banks Statement of Financial Position as at September this year shows that the combined monetary gold and gold bullion holdings increased to 10.60tri/- from 10.24tri/- in August, a rise of approximately 365.3bn/-.

Monetary gold increased to 3.43tri/- from 3.16tri/-, while gold bullion rose to 7.17tri/- from 7.08tri/-, contributing to the overall growth in the two categories.

The increase highlights the changing composition of the central banks assets, with gold holdings accounting for a substantial s...