Uganda's Central Bank Rolls Out Domestic Gold Purchase...
International News
August 7, 2024
In a bid to bolster its gold reserves, Uganda's central bank has launched a domestic gold purchase program. Michael Atingi Ego, Deputy Governor of the Bank of Uganda, announced the initiative as a strategic move to increase the nation's gold holdings and enhance financial stability. Ugandan Finance Minister Matia Kasaija emphasized that the program aims to support local gold miners and ensure that more of the country's precious metal resources are retained domestically.