Economy

Tanzania’s 28 Tonne Gold Reserve: What It Means for the Shilling and for You

The Bank of Tanzania has built roughly 28 tonnes of gold reserves in about 18 months. Gold now makes up more than 60 percent of the country’s foreign-exchange reserves. This piece explains what that means, how the gold standard differs from our current system, what the 20 percent local sale rule requires of miners, and how an ordinary Tanzanian should think about the shilling in this new environment.

July 31, 2026