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RBM plans to turn local gold into official reserves
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RBM plans to turn local gold into official reserves
The Reserve Bank of Malawi (RBM)—which says it has so far bought 540 kilogrammes (kg) of local gold valued at $70 million (about K123 billion)— is targeting to purify the mineral as part of the country’s official reserves. RBM spokesperson Boston Banda said in a written response yesterday that the central bank is looking for plants within southern Africa to turn the product into monetary gold. Asked how the bank will take out the gold for purifi…
·Blantyre, Malawi
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