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Bank of Tanzania clarifies gold sale strategy, denies infrastructure funding claims
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BoT says it won’t sell gold reserves to finance strategic projects
DAR ES SALAAM: The Bank of Tanzania (BoT) has dismissed reports circulating on social media claiming that it plans to sell part of its gold reserves to finance strategic government projects. Speaking in Dar es Salaam, BoT Director of Financial Markets, Emmanuel Akaro, said the claims are false and baseless. He explained that what is currently being implemented is a plan to sell gold holdings that exceed the level approved by the Bank’s Board, in…
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