The country’s gold reserves have climbed to 27.5 tonnes, worth about Sh10trn, marking a strong boost to foreign exchange stability and economic resilience as the Bank of Tanzania (BoT) celebrates its 60th anniversary.
BoT governor Emmanuel Tutuba said the achievement reflects strengthened cooperation with stakeholders in the mining sector under a gold purchasing programme introduced in 2024, designed to reinforce the country’s foreign exchange reserves.
Speaking during the anniversary celebrations held on June 12, 2026, at the Julius Nyerere International Convention Centre (JNICC) in Dar es Salaam, Tutuba said the initiative has significantly improved Tanzania’s external buffers and contributed to broader macroeconomic stability.
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