Buy local, hold global, BoU’s three-year gold test begins.
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Date
2026-04-22
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Publisher
Daily Monitor
Abstract
The Bank of Uganda has begun buying gold dug from Ugandan soil and plans to stack it alongside dollars, euros and Treasury bills as part of the country’s official foreign exchange reserves. This is the first time Uganda will systematically convert domestically mined bullion into a sovereign reserve asset, shifting part of the national safety net from paper issued abroad to metal produced at home.
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Newspaper article
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Citation
Nakaweesi, D. (2026). Buy local, hold global, BoU’s three-year gold test begins. Daily Monitor.