BoZ’s Purchase of Gold will help Zambia Further Build Gold
Reserves
05 January 2021
entral Bank Governor
Christopher Mvunga says the recently purchased gold is currently sitting in the
central bank’s vault.
Mr. Mvunga who has
confirmed in an interview with ZNBC News in Lusaka yesterday, but could not
disclose the value of the gold.
He said the move will help
to further build the country’s gold reserves.
Mr. Mvunga said the
investment will also build and enhance the market’s confidence in the Bank’s
ability to fulfill its mandate of price and financial system stability.
The Bank of Zambia recently
signed a Gold Purchase Agreement with the Zambia Gold Company Limited, a
subsidiary of ZCCM Investments Holdings
Source: https://www.lusakatimes.com/2021/
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