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Rwanda central bank turns to gold as reserves diversification accelerates

Gold bars. Photo by Jingming Pan @ Unsplash
Gold bars. Photo by Jingming Pan @ Unsplash

Alex Ngarambe

Alex Ngarambe is a journalist covering Rwanda’s business, markets, and economic developments.
  • Rwanda joins regional peers in adding gold to foreign reserves
  • Gold exports surged to $1.5 billion in 2024, raising questions about traceability

 

KIGALI, RWANDA – Rwanda’s central bank has added gold to its foreign reserves for the first time, betting on rising global prices to strengthen its portfolio and reduce reliance on traditional instruments.

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