dailynews.co.tz·3 min read·medium
BoT gold reserves lift assets, economic stability
E
Esther Takwa
✦AI Summary
The Bank of Tanzania has increased its gold bullion holdings, which has strengthened the central bank's balance sheet and total assets. Experts suggest this move enhances macroeconomic stability and provides a buffer against global financial volatility.
DAR ES SALAAM: THE Bank of Tanzania's (BoT) gold bullion holdings increased last month, strengthening the central bank's balance sheet as higher gold reserves offset declines in cash holdings and government securities.
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