Dar es Salaam. The Bank of Tanzania (BoT) has announced that the country’s gold reserves stood at 27.5 tonnes as of June 10, 2026, with an estimated value of about Sh10 trillion, marking a continued expansion of the central bank’s reserve holdings.
The announcement was made on Friday, June 12, 2026, by BoT Governor Emmanuel Tutuba during celebrations marking the Bank’s 60th anniversary, held at the Julius Nyerere International Convention Centre (JNICC) in Dar es Salaam.
The event was attended by **President Samia Suluhu Hassan as guest of honour.
Reserve build-up strategy
Communications over the past year show that Tanzania has been steadily increasing its gold holdings through domestic purchases aimed at strengthening foreign exchange reserves and diversifying external assets.
In earlier disclosures, Governor Tutuba had confirmed that gold holdings had risen to around 19.3–19.6 tonnes by early 2026, already nearing the initial strategic threshold of 20 tonnes.
The latest figure of 27.5 tonnes therefore reflects continued accumulation and reserve rebalancing beyond the earlier milestone.
Policy direction and official positioning
While the BoT has not released a full verbatim transcript of the anniversary speech in publicly indexed sources, earlier official statements by the central bank consistently emphasise that gold accumulation forms part of a broader reserve management framework.
In a related official communication on the gold purchase programme, the Bank stated:
“The Bank of Tanzania wishes to inform the public of the commencement of the Domestic Gold Purchasing Program, which aims to bolster foreign exchange reserves through acquiring and holding gold.”
The central bank has repeatedly framed the strategy as part of efforts to improve liquidity management, strengthen external buffers, and reduce exposure to global financial volatility.
Broader economic context
The increase in gold holdings comes amid sustained global demand for gold by central banks and a wider shift among emerging economies towards diversifying reserves away from traditional foreign securities.
Recent data from BoT reports indicate that gold has become one of the most significant components of Tanzania’s reserve portfolio, reflecting a structural change in asset composition during 2025 and 2026.
Anniversary milestone
The 60th anniversary of the Bank of Tanzania provided a platform for reflecting on the institution’s evolving mandate, particularly its role in maintaining macroeconomic stability, regulating the financial system, and safeguarding national reserves.
President Samia’s attendance underscored the government’s continued engagement with monetary authorities on issues of financial stability and economic resilience.
