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Tanzania: Bot Set to Purchase 12 Tonnes of Gold

Tanzania: Bot Set to Purchase 12 Tonnes of Gold
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

Emmanuel Tutuba , Anna Lyimo , Anthony Mavunde , Tanzania Bot Domestic Gold Purchasing Programme , Central Bank , Domestic Gold Purchasing Programme , Minerals Dr Doto Biteko , Assistant Manager , Financial Markets , Gross Domestic Product ,

Post falsely claims Tanzania dumping US dollar for gold as reserve currency

The US dollar has been the world’s dominant reserve currency since World War II and is widely used to conduct international trade. A recent push by some world leaders to find alternatives has sparked false claims about changes to monetary policy in several African countries. A post on X, formerly Twitter, claims Tanzania will no longer stockpile the US dollar as a reserve currency following an announcement that it is purchasing gold to bolster its foreign reserves. However, AFP Fact Check found ....

Anna Lyimo , Emmanuel Tutuba , African Community , Domestic Gold , Tanzanian Shillings , East African , East African Community , Bank Of Tanzania , Foreign Reserves , Buying Gold , Eserve Currency , Gold Refinery , The Bank , False Claims , Tanzanian Shilling ,