https://en.sputniknews.africahttps://t.me/sputnik_africa/61226

Uganda's Central Bank to Launch Domestic Gold Purchasing Program

Uganda's Central Bank to Launch Domestic Gold Purchasing Program

Sputnik Africa

Uganda's Central Bank to Launch Domestic Gold Purchasing ProgramThe decision has been made amid a sharp rise in the gold's price. The plan of the program was... 02.03.2026, Sputnik Africa

2026-03-02T17:10+0100

2026-03-02T17:10+0100

2026-03-02T17:24+0100

sputnik africa

https://cdn1.img.sputniknews.africa/img/07ea/03/02/1083912189_0:34:800:484_1920x0_80_0_0_ad3317394acc5f29ab21152bf616a623.jpg

Uganda's Central Bank to Launch Domestic Gold Purchasing ProgramThe decision has been made amid a sharp rise in the gold's price. The plan of the program was announced two months ago.The program is supposed to boost the East African nation's reserves, as well as to avoid some risks of international financial markets. "If all goes as planned, we should be able to purchase at least 100 kg of gold between March and June 2026", Adam Mugume, executive director for research and economic analysis at the bank, told Western media.Subscribe to @sputnik_africa Sputnik Africa | X

2026

News

en_EN

sputnik africa