Why CBK should consider buying gold from local artisanal miners

Artisanal gold miners work at one of the mining sites.  

Photo credit: File | Nation Media Group

In the face of global economic uncertainties triggered by the Covid-19 pandemic and geopolitical tensions like the Russia-Ukraine and Palestine-Israel wars, central banks worldwide have been increasing their gold reserves.

The Central Bank of Kenya (CBK) can seize the “golden” opportunity by considering the purchase of gold from local artisanal and small-scale gold miners.

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