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Maroc Maroc - iafrica.com - A La Une - 12/Sep 07:16

African Central Banks Increase Gold Reserves to Safeguard Currencies

African central banks are increasing their gold reserves to safeguard against inflation and geopolitical instability. With gold, they can diversify their financial portfolio and protect their local currencies. In September 2023, gold was priced at $1,900 per ounce, rising to $2,500 a year later. According to the World Gold Council, demand for gold will likely… 

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