- BCC to buy artisanal gold directly
- Move aims to bolster forex reserves
KINSHASA, CONGO – The Central Bank of Congo is moving to directly purchase artisanal gold to strengthen foreign exchange reserves and stabilise the Congolese franc.
Facing chronic currency instability and repeated external shocks, the Banque Centrale du Congo (BCC) has decided to buy gold extracted by artisanal miners within the country as part of a broader monetary policy shift.
This article is free to read.
Sign up for free or sign in to continue reading.
Unlike our competitors, we don't force you to pay to read the news but we do need your email address to make your experience better.
Create your free account or sign in
