Illegal gold mining and trading in Zambia remains a concern, especially after official data revealed a stark disconnect between reported gold exports from Zambia and official records. This is after Zambia reportedly exported gold valued at $1.7 billion to the United Arab Emirates (UAE) alone, while the Ministry of Mines and the Zambia Revenue Authority (ZRA) reflect only minimal gold exports, resulting in negligible gold mineral tax contributions to the national treasury. Against this backdrop, the Bank of Zambia, which purchases gold to strengthen foreign exchange reserves, reduce reliance on the US dollar, and stabilize the Zambian Kwacha, has confirmed...
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