Tanzanian Gold Exports Increase by 13%, Central Bank Says

Bloomberg reported that Tanzania’s exports of gold increased by 13% over last year.

The market news is quoted as saying:

“This development was attributed to an increase in the value of imported goods and services that outweighed the increase in the value of exports of goods and services as well as official current transfers,” the bank said. Exports totalled $6.48 billion, with the central bank attributing the increase in the value of gold shipments to rising bullion prices.

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