Tanzania, July 7 -- Banjul, Gambia. The Bank of Tanzania (BoT) has purchased and accumulated about 28 tonnes of gold worth $3.68 billion (about Sh9.76 trillion at current market prices) over the past 18 months as part of the government's strategy to strengthen foreign exchange reserves, support the value of the Tanzanian shilling, enhance financial sector stability and promote economic growth.

BoT Governor Emmanuel Tutuba disclosed the figures while participating in a panel discussion on central bank gold operations during the 2026 African Caucus meeting of the International Monetary Fund (IMF) and the World Bank in Banjul, Gambia.

The meeting has brought together representatives from 54 African countries to discuss key economic and fin...