The Bank of Zambia (BoZ) has announced that its gold reserves have reached a total of 3,380 kilograms, valued at approximately USD 500 million, since it began purchasing locally produced gold in December 2020. In the first quarter of 2025-2026, BoZ acquired 154 kilograms of gold at a purchase value of USD 25.4 million, maintaining its strategy to bolster the nation’s reserves and stabilize the Zambian Kwacha. The Bank of Zambia (BoZ) officially launched its domestic gold purchase program in December 2020. The first formal Gold Purchase Agreements were signed on December 11, 2020, with the Zambia Gold Company and...
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