Tanzania: Dar Mulls Adding Tanzanite in Foreign Reserves

Dodoma — The government is contemplating to include Tanzanite gemstones in national foreign reserves at the Central bank instead of gold which is shunned due to price instability, the Minister for Finance and Planning, Dr Phillip Mpango has said.

Dr Mpango said in Parliament yesterday that the Central Bank was considering the idea of instating the rate and extraordinary gemstones in the reserves because of its price stability in the world market and the fact that it is mined in Tanzania.

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