Rwanda to Add Gold to Foreign Reserves Portfolio in Next Fiscal Year

Rwanda to Add Gold to Foreign Reserves Portfolio in Next Fiscal Year

The National Bank of Rwanda (BNR) will begin adding gold to its foreign reserves portfolio starting in the next fiscal year, in a move that aligns with a growing regional trend among East African central banks to diversify reserve assets.

Dollar's share of foreign reserves sinks to new low while gold, yen rise

TOKYO -- The dollar's share of global foreign exchange reserves sank to its lowest year-end level on record in 2024 as countries increasingly broadene

Central Bank to Start Buying Gold as Part of National Reserves

PDF Button The National Bank of Rwanda (BNR) has announced plans to start buying gold from July 2025 as part of its strategy to strengthen the country’s financial reserves and prepare for future economic challenges. This move puts Rwanda alongside other East African countries like Tanzania, Uganda, and Kenya, which have already started adding gold […] Related Posts: President Kagame holds the Annual Diplomats’ Luncheon Water-saving irrigation …

Rwanda to add gold to foreign reserves portfolio in next fiscal year

The National Bank of Rwanda (BNR) will begin adding gold to its foreign reserves portfolio starting in the next fiscal year, in a move that aligns with a growing regional trend a...

NEWSNOW | – Sri Lanka’s gross official foreign exchange reserves, which were recorded at $6,531 million in March 2025, have declined to $6,326 million by April 2025. This is a depreciation of $205 million. This depreciation was recorded when the Central Bank had purchased several million dollars from the financial market. A similar situation was recorded in October 2024. At that time, we had $6,472 million as foreign exchange reserves. This happ…