Central bank to commence gold accumulation as part of its foreign exchange reserve management strategy
[Namibia Economist - Namibia] - 7/05/2025
The Bank of Namibia recently announced its decision to commence gold accumulation as part of its foreign exchange reserve management strategy. The move to include gold, targeting 3% of net forex reserves, aligns with global central banking trends, given gold’s strategic value in hedging against (…)
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