Uganda Central Bank Launches Domestic Gold Buying
The Bank of Uganda begins its gold purchasing program this month to strengthen national reserves. Officials aim to acquire 100 kilograms of gold by June 2026.
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Xurve View
The central bank of Uganda is set to launch its domestic Gold purchasing initiative this month. This strategic move aligns the East African nation with a global trend of central banks increasing their bullion holdings to safeguard against volatility in international financial markets. Initially announced two years ago, the program aims to strengthen national reserves and provide a buffer for the domestic economy.
