DAR ES SALAAM: 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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The event was graced by President Samia Suluhu Hassan, whose presence underscored the government’s support for the central bank’s reform agenda.
On the other hand, Tutuba added that innovation continues to shape the central bank’s reforms, citing the creation of an Artificial Intelligence (AI) unit and new partnerships with six universities aimed at enhancing data analytics and strengthening evidence-based decision-making within the institution.
The governor further noted that the BoT is upgrading its risk management systems in digital payment services to ensure financial technology improves efficiency and access to financial services while safeguarding monetary stability and reducing risks such as money laundering.